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

Lundin Gold Inc. (TSE:LUG) – Analysts at Raymond James lowered their Q4 2024 earnings per share (EPS) estimates for Lundin Gold in a research report issued to clients and investors on Monday, October 28th. Raymond James analyst C. Stanley now forecasts that the company will post earnings per share of $0.63 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.

Other equities research analysts also recently issued reports about the company. Scotiabank boosted their price target on Lundin Gold from C$23.50 to C$25.50 in a report on Monday, August 19th. National Bank Financial raised shares of Lundin Gold from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 7th. Cormark lifted their price target on shares of Lundin Gold from C$27.00 to C$32.00 and gave the company a “hold” rating in a report on Thursday, October 10th. Royal Bank of Canada increased their price objective on shares of Lundin Gold from C$25.00 to C$27.00 in a research note on Tuesday, September 10th. Finally, TD Securities lifted their target price on Lundin Gold from C$27.00 to C$38.00 in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lundin Gold presently has a consensus rating of “Moderate Buy” and an average price target of C$29.42.

Lundin Gold Stock Down 1.5 %

Shares of TSE:LUG opened at C$33.67 on Thursday. Lundin Gold has a 12-month low of C$14.23 and a 12-month high of C$35.89. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 14.28. The firm has a market cap of C$8.08 billion, a PE ratio of 25.91 and a beta of 1.23. The company has a fifty day simple moving average of C$30.09 and a 200 day simple moving average of C$24.21.

Lundin Gold (TSE:LUG) last announced its earnings results 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 for the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%.

Lundin Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a $0.551 dividend. This is a positive change from Lundin Gold’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.20 annualized dividend and a yield of 6.55%. Lundin Gold’s payout ratio is 82.95%.

Insider Buying and Selling at Lundin Gold

In related news, Senior Officer Chester See sold 14,900 shares of the 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 related news, Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total value of C$448,490.00. Also, Director Ronald F. Hochstein sold 16,200 shares of the firm’s stock in a transaction that occurred 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. Over the last 90 days, insiders have sold 72,840 shares of company stock valued at $2,146,122. Corporate insiders own 58.72% of the company’s stock.

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.