Update shared on11 Sep 2025
Fair value Increased 2.18%Lundin Gold's analyst price target has been modestly raised to CA$70.17, reflecting higher gold price assumptions, improved operational performance, and confidence in long-term project execution, partly tempered by cost inflation and a market rotation toward larger miners.
Analyst Commentary
- Bullish analysts highlight higher gold price assumptions, which improve Lundin Gold's revenue outlook and justify price target increases.
- Improved operational performance and consistent production results are contributing to greater confidence in cash flow generation.
- Revised cost guidance and inflationary pressures have prompted some analysts to take a more cautious stance, resulting in selective target cuts or maintained neutral/hold ratings.
- Project pipeline execution and steady reserve/resource expansion support a constructive long-term view despite near-term rating downgrades.
- Market-wide rotation into larger, more liquid gold miners has led to some moderation in bullishness and target recalibration by neutral or bearish analysts.
What's in the News
- Lundin Gold raised its 2025 production guidance range to 490,000–525,000 oz due to strong H1 operating performance, though expects lower average head grade in H2 from mine sequencing.
- Positive near-mine exploration results at Fruta del Norte confirmed and expanded copper-gold porphyry systems at Trancaloma and newly uncovered mineralization at Sandia, enhancing the exploration corridor.
- Conversion drilling at Fruta del Norte South confirmed deposit continuity and identified additional mineralized zones, with ongoing mine engineering aiming to integrate FDNS into the long-term mine plan; high-grade results at FDN East underscore further growth potential.
- Q2 and H1 2025 operational results showed increased ore processed, higher throughput, and improved recovery rates, leading to higher gold production versus prior year periods.
Valuation Changes
Summary of Valuation Changes for Lundin Gold
- The Consensus Analyst Price Target has risen slightly from CA$68.67 to CA$70.17.
- The Future P/E for Lundin Gold has significantly risen from 19.36x to 24.41x.
- The Consensus Revenue Growth forecasts for Lundin Gold has significantly risen from -2.8% per annum to -2.1% per annum.
Disclaimer
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