Q4 Earnings Forecast for Lundin Gold Issued By Raymond James

Lundin Gold Inc. (TSE:LUG) – Analysts at Raymond James decreased their Q4 2024 EPS estimates for Lundin Gold in a research note issued to investors on Monday, October 28th. Raymond James analyst C. Stanley now expects that the company will post earnings of $0.63 per share for the quarter, down from their previous forecast of $0.64. Raymond James has a “Market Perform” rating and a $29.00 price objective on the stock. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. Raymond James also issued estimates for Lundin Gold’s Q2 2025 earnings at $0.62 EPS and Q3 2025 earnings at $0.62 EPS.

Several other equities research analysts have also weighed in on LUG. Royal Bank of Canada boosted their target price on Lundin Gold from C$25.00 to C$27.00 in a report on Tuesday, September 10th. Cormark upped their price objective on shares of Lundin Gold from C$27.00 to C$32.00 and gave the stock a “hold” rating in a report on Thursday, October 10th. National Bank Financial upgraded shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 7th. Canaccord Genuity Group cut shares of Lundin Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Scotiabank lifted their price objective on Lundin Gold from C$23.50 to C$25.50 in a research note on Monday, August 19th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$29.42.

Lundin Gold Stock Performance

LUG opened at C$33.67 on Thursday. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.41 and a current ratio of 1.98. The company has a market cap of C$8.08 billion, a PE ratio of 25.91 and a beta of 1.23. The stock has a 50-day moving average of C$30.09 and a 200-day moving average of C$24.21. Lundin Gold has a 52-week low of C$14.23 and a 52-week high of C$35.89.

Lundin Gold (TSE:LUG) last posted its earnings results on Thursday, August 8th. The company reported C$0.55 EPS for the quarter, missing the consensus estimate of C$0.62 by C($0.07). Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%. The business had revenue of C$412.43 million for the quarter.

Insider Buying and Selling

In related news, Senior Officer Sheila Margaret Colman sold 16,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$28.74, for a total value of C$459,913.60. In other Lundin Gold news, Director Ronald F. Hochstein sold 16,200 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$29.50, for a total transaction of C$477,891.90. Also, Senior Officer Sheila Margaret Colman sold 16,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$28.74, for a total transaction of C$459,913.60. Insiders sold a total of 72,840 shares of company stock valued at $2,146,122 over the last ninety days. 58.72% of the stock is owned by company insiders.

Lundin Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a $0.551 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.55%. This is an increase from Lundin Gold’s previous quarterly dividend of $0.10. Lundin Gold’s dividend payout ratio (DPR) is currently 82.95%.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.