What is Raymond James’ Forecast for Lundin Gold Q4 Earnings?

Lundin Gold Inc. (TSE:LUG) – Research analysts at Raymond James cut their Q4 2024 earnings per share estimates for Lundin Gold in a research report issued to clients and investors on Monday, October 28th. Raymond James analyst C. Stanley now expects that the company will earn $0.63 per share for the quarter, down from their prior forecast of $0.64. Raymond James currently has a “Market Perform” rating and a $29.00 target price 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.

Lundin Gold (TSE:LUG) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.62 by C($0.07). The business had revenue of C$412.43 million during the quarter. Lundin Gold had a net margin of 24.30% and a return on equity of 22.88%.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group raised their target price on Lundin Gold from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Scotiabank boosted their target price on Lundin Gold from C$23.50 to C$25.50 in a research report on Monday, August 19th. National Bank Financial upgraded Lundin Gold from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 7th. Canaccord Genuity Group downgraded Lundin Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Cormark boosted their price objective on Lundin Gold from C$27.00 to C$32.00 and gave the company a “hold” rating in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lundin Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.42.

Lundin Gold Stock Down 0.3 %

LUG stock opened at C$34.17 on Thursday. Lundin Gold has a fifty-two week low of C$14.23 and a fifty-two week high of C$35.89. The stock has a fifty day moving average of C$29.96 and a 200-day moving average of C$24.10. 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 capitalization of C$8.20 billion, a price-to-earnings ratio of 26.49 and a beta of 1.23.

Lundin Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were paid a $0.551 dividend. This represents a $2.20 annualized dividend and a yield of 6.45%. This is a boost from Lundin Gold’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 10th. Lundin Gold’s dividend payout ratio is presently 82.95%.

Insiders Place Their Bets

In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. In other Lundin Gold news, Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total value of C$448,490.00. Also, Senior Officer Sheila Margaret Colman sold 16,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$28.74, for a total value of C$459,913.60. Over the last three months, insiders have sold 72,840 shares of company stock valued at $2,146,122. 58.72% of the stock is currently owned by corporate insiders.

About Lundin Gold

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.