NVDA+0.84%AAPL−2.51%GOOGL−1.17%MSFT−2.04%AMZN−0.15%TSM+2.85%SPCX−1.20%AVGO+0.21%
StockVS

TSX · Gold · CAD

Lundin Gold Inc. (LUG.TO) Stock Analysis

Lundin Gold Inc. (LUG.TO) is a Gold stock listed on TSX and quoted in Canadian Dollar.

LUG.TO

CA$99.88

−CA$1.70 (−1.67%)

Sep 4, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare LUG.TO with… →

LUG.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$99.16
Previous Close
CA$101.58
Day's Range
98.72–100.88
52-Week Range
71.51–124.15
Volume
543.90K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.52
Valuation
Market Cap
CA$24.15B
P/E Ratio
18.67
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
16.51
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
11.96
EPS (ttm)Profit attributable to each share over the last twelve months.
5.35
Financials (FY)
Revenue (FY)
CA$1.78B+49.44%
Net Income (FY)
CA$792.15M+85.93%
Profit marginThe share of revenue left as profit after all costs and taxes.
46.32%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
241.81M
1-Year Return
+22.12%
Dividend and dates
Dividend
CA$5.93+5.84%
Ex-Dividend Date
September 10, 2026
Earnings Date
November 4, 2026estimated
Avg Volume
602.75K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

LUG.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−4.28%
2025+291.32%
2024+91.60%
2023+29.57%
2022+30.62%
2021−4.67%
2020+31.21%
2019+66.93%
2018+10.16%
2017−13.88%
2016 (partial year)−4.19%

As of September 4, 2026.

LUG.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$1.78BCA$792.15M44.4%
2024CA$1.19BCA$426.05M35.7%
2023CA$902.52MCA$179.46M19.9%
2022CA$815.67MCA$73.56M9.0%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$1.78BCA$1.23BCA$1.10BCA$792.15M44.4%
2024CA$1.19BCA$703.39MCA$629.60MCA$426.05M35.7%
2023CA$902.52MCA$435.18MCA$390.43MCA$179.46M19.9%
2022CA$815.67MCA$369.75MCA$334.90MCA$73.56M9.0%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

LUG.TO Dividend History

CA$3.64+366.1% vs 2024

Dividends per share, 2025 · 5 payments

YearDividends per sharePaymentsChange
2026*CA$3.142—
2025CA$3.645+366.1%
2024CA$0.784+52.0%
2023CA$0.514+107.7%
YearDividends per sharePaymentsChange
2026 (partial year)CA$3.142—
2025CA$3.645+366.1%
2024CA$0.784+52.0%
2023CA$0.514+107.7%
2022CA$0.251—

Most recent payment: CA$1.57 per share, ex-dividend June 10, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

LUG.TO Valuation vs Gold Median

Median of 96 stocks
MetricLUG.TOGold medianvs median
P/E18.6714.2631% above
P/S ratio11.965.24128% above
Profit margin46.32%13.01%33.3 pts above

Medians across 96 Gold stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Lundin Gold Inc. (LUG.TO) carries a market capitalisation of CA$24.15B. The company sits in the Basic Materials sector, in the Gold industry.

LUG.TO last closed at CA$99.88 on September 4, 2026. That is −CA$1.70 (−1.67%) against the previous close. The 52-week range on file runs from CA$71.51 to CA$124.15. The latest close sits 39.67% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$1.78B. Against the prior fiscal year total of CA$1.19B, that is a change of +49.44%. The same year closed with net income of CA$792.15M. That is +85.93% against the prior fiscal year. The reported profit margin is 46.32%. That is 33.3 percentage points above the Gold median of 13.01%. Trailing earnings per share are 5.35.

Across the 4 fiscal years on file, revenue moves from CA$815.67M in 2022 to CA$1.78B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 18.67. That is 30.93% above the Gold median of 14.26. On forward earnings the ratio is 16.51. Measured against sales, the shares trade at 11.96 times revenue. On price-to-sales that is 128.4% above the Gold median of 5.24. 96 Gold companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +22.12%. Across 10 years the annualized return works out at +35.42%. The reported beta is 1.52. Annualized volatility over the trailing 10 years is 43.81%.

Growth & Income

LUG.TO pays a dividend yielding 5.84%. That is 4.9 percentage points above the Gold median yield of 0.9%. At the indicated rate that is CA$5.93 a share a year. The ex-dividend date on file is September 10, 2026. Dividends are recorded for 5 calendar years; 2026 shows 2 payments totalling CA$3.14 a share. The year before, 2025, totalled CA$3.64 a share.

The strongest complete calendar year on file is 2025 at +291.32%; the weakest is 2017 at −13.88%. Of the 9 complete calendar years on file, 7 finished higher. So far in 2026 the price is −4.28%.

Peer Comparison

Lundin Gold Inc. (LUG.TO) operates in the Gold industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Lundin Gold Inc. LUG.TO CA$24.15B 18.7
Newmont Corporation NEM CA$134.97B 16.4
Agnico Eagle Mines Limited AEM CA$103.67B 17.5
Barrick Mining Corporation ABX.TO CA$101.91B 11.5

The Gold industry average P/E ratio is 14.3x. Lundin Gold Inc. trades at a P/E of 18.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

Related Gold Stocks

NEM

Newmont Corporation

$134.97B

 AEM

Agnico Eagle Mines Limited

$103.67B

 ABX.TO

Barrick Mining Corporation

$101.91B

 WPM

Wheaton Precious Metals Corp.

$70.39B

 AU

AngloGold Ashanti plc

$55.16B

 FNV

Franco-Nevada Corporation

$51.34B
View all Gold stocks →

Popular Basic Materials Stocks

BHP

BHP Group Limited

$229.80B

 LIN

Linde plc

$220.15B

 RIO

Rio Tinto Group

$167.95B

 SCCO

Southern Copper Corporation

$167.82B

 FCX

Freeport-McMoRan Inc.

$104.44B
View all Basic Materials stocks →

About Lundin Gold Inc.

Lundin Gold Inc., together with its subsidiaries, develops and operates its mineral concessions in Ecuador. It explores for gold and silver deposits. The company holds interests in 27 metallic mineral concessions and 3 construction material concessions covering an area of approximately 65,000 hectares located in Ecuador. It also holds a 100% interest in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located in the Cordillera del Cóndor region of southeast Ecuador. The company was formerly known as Fortress Minerals Corp. and changed its name to Lundin Gold Inc. in December 2014. Lundin Gold Inc. was incorporated in 1986 and is headquartered in Vancouver, Canada.

Visit website →