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The consensus analyst price target for Lundin Gold has risen slightly from CA$92.17 to CA$93.42, highlighting modestly increased expectations for the company’s fair value. This change comes amid more optimistic forecasts for gold and silver prices, and it reflects recent analyst reassessments of the sector. Stay tuned to find out how investors and analysts can keep informed about the evolving outlook for Lundin Gold.
Analyst Price Targets don’t always capture the full story. Head over to our Company Report to find new ways to value Lundin Gold.
🐂 Bullish Takeaways
BMO Capital increased its price target for Lundin Gold to C$104 from C$93 and maintained a Market Perform rating. This price target revision signals recognition of recent operational execution and market performance.
CIBC made a more substantial adjustment by raising its price target to C$116 from C$85. This reflects higher future gold and silver price forecasts, with CIBC now projecting gold at $4,500 per ounce and silver at $55 per ounce in 2026 and 2027.
These target increases are largely attributed to industry-wide updates in commodity price outlooks, rewarding Lundin Gold’s year-to-date stock outperformance and ongoing resilience in cost management.
🐻 Bearish Takeaways
Despite the revised, more aggressive price targets, both CIBC and BMO Capital have maintained neutral stances (Neutral and Market Perform ratings, respectively). This indicates that some analysts believe current valuation already reflects much of the near-term upside.
CIBC notes that recent recommended price changes are in part a “catch-up” to reflect recent gold price movements, rather than a fundamental shift in expectations for the company’s execution or intrinsic value.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
TSX:LUG Community Fair Values as at Nov 2025
Lundin Gold reported strong results from exploration drilling at Fruta del Norte, making progress toward an initial Mineral Reserve estimate expected in early 2026. The company also achieved Reserve replacement in both 2023 and 2024, highlighting ongoing resource growth.
Positive drilling outcomes were announced at the Sandia, Trancaloma, and Castillo targets, with the discovery of new high-grade mineralized zones and further expansion potential in all directions.
For the third quarter and year-to-date 2025, Lundin Gold posted higher ore processing and gold recovery rates. Despite these improvements, the average head grade and doré output were slightly lower compared to the previous year.
A leadership change was announced. Ron Hochstein will step down as President, CEO and Director, with Jamie Beck appointed as new CEO effective November 7, 2025.
The consensus analyst price target has risen slightly from CA$92.17 to CA$93.42, reflecting a modest increase in perceived fair value.
The discount rate increased marginally from 7.04% to 7.06%, indicating a small upward adjustment to the risk premium applied.
The revenue growth estimate has increased significantly from 8.72% to 13.18%, pointing to higher expected topline expansion.
The net profit margin is projected to improve from 39.0% to 48.4%, showing increased profitability expectations.
The future price to earnings (P/E) ratio is projected to decline from 26.55x to 17.77x, suggesting anticipated earnings growth or a change in valuation approach.
A Narrative is a smarter, story-driven way to invest. It gives you not just the numbers, but the reasons behind them. Narratives link a company’s business story to its forecasted revenue, profit, and fair value, making it easy to track if a stock is priced attractively. On Simply Wall St’s Community page, millions of investors use dynamic Narratives to spot opportunities, react quickly as news emerges, and decide when value and price are aligned or out of sync.
Follow the original Lundin Gold Narrative here to stay in the loop on:
How rising and volatile gold prices could both boost and limit Lundin Gold’s future upside, exposing earnings to swings as analyst conviction changes
Developments in Lundin Gold’s resource expansion, exploration success, and their critical impact on mine life and long-term value
The risks and opportunities from operational efficiency, ESG leadership, and the company’s unique position as a single-asset miner in Ecuador
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include LUG.TO.
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