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Lundin Gold Inc. (LUG.TO)
Financials 
Technical Analysis 
Aug 29, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
Lundin Gold Inc. (LUG-T) has recently experienced a 25% pullback from its highs, reflecting trends within the mining sector. The company shows impressive financial metrics, including strong production figures, 71% margins, and a significant increase in both revenue (up 38%) and net income (up 53%). It has adopted a shareholder-friendly policy by returning 100% of its normalized free cash flow as dividends, yielding nearly 4%. However, its operations are concentrated in a single mine in Ecuador, which poses political and operational risks that potential investors should carefully consider. While the stock price has appreciated 120% in the past year, leading to a historically high PE of 30x, this suggests the market expects solid future performance despite the inherent risks.
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Premium contentIf you don't want to own the shiny rock itself, then consider LUG (not LUN-T). LUG is up 120% in the past year compared to the TSX's 27%. Thanks to robust free cash flows, Lundin Gold pays a safe 3.31% dividend. However, LUN currently trades at an historically high 30x PE, so the market is baking in strong performance going forward. The stock has cleanly beaten its last four quarters during which EPS rose from $0.64 in Q1 to $0.96 in Q4.
Jaime Carrasco
A gold developer in Ecuador. Their project is 7 million ounces, 8-9 g per ton, so a very high grade underground development. It appears that they have the backing of the government to go ahead now, and there is nothing you can find bad with the assets. Where he struggles to find value is that they are developing an asset in a country that doesn’t have much modern mining in an area that is relatively infrastructure poor. There is going to be a period where they are spending capital for 2-3 years, which tends to be a time when gold stocks don’t do much. It is 17% IRR. There are other gold developers he would be looking at, giving a better rate of return.
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Lundin Gold Inc. (LUG.TO) Frequently Asked Questions
What is Lundin Gold Inc. stock symbol?
Lundin Gold Inc. is a Canadian stock, trading under the symbol LUG.TO (previously LUG-T on Stockchase) on the Toronto Stock Exchange (LUG-CT). It is usually referred to as TSX:LUG or LUG.TO
Is Lundin Gold Inc. a buy or a sell?
In the last year, 2 stock analysts issued a Buy, Sell, or Hold rating on LUG.TO (previously LUG-T on Stockchase). 2 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is RISKY. Read the latest stock experts' ratings for Lundin Gold Inc..
Is Lundin Gold Inc. a good investment or a top pick?
Lundin Gold Inc. was recommended as a Top Pick by Brianne Gardner on 2026-03-27. Read the latest stock experts ratings for Lundin Gold Inc..
Why is Lundin Gold Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Lundin Gold Inc..
Is Lundin Gold Inc. worth watching?
Lundin Gold Inc. is followed by 43 investors on Stockchase and is a trending stock that is worth watching.
What is Lundin Gold Inc. stock price?
On 2026-08-28, Lundin Gold Inc. (LUG.TO) stock closed at a price of $100.28.
Pullback of 25% from highs is in the range of many in the sector. Impressive numbers, strong production, 71% margins, revenue up 38%, net income up 53%. Paying out 100% of normalized FCF as dividends.
Single mine in Equador, and that's the risk. She wants diversification. Political and operational risk in one mine. If you can stomach that, size your position accordingly. Yield is close to 4%.