Raymond James Comments on Lundin Gold Inc.'s Q1 2025 Earnings (TSE:LUG)

Lundin Gold Inc. (TSE:LUG - Free Report) - Equities researchers at Raymond James boosted their Q1 2025 earnings per share (EPS) estimates for Lundin Gold in a report issued on Monday, September 23rd. Raymond James analyst C. Stanley now forecasts that the company will post earnings per share of $0.61 for the quarter, up from their previous forecast of $0.46. Raymond James currently has a "Market Perform" rating and a $29.00 price target 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 $0.63 EPS, Q3 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $2.49 EPS.

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

Several other research analysts also recently weighed in on LUG. Royal Bank of Canada increased their price target on shares of Lundin Gold from C$25.00 to C$27.00 in a research report on Tuesday, September 10th. National Bank Financial upgraded Lundin Gold from a "hold" rating to a "strong-buy" rating in a research report on Sunday, July 7th. Scotiabank boosted their price target on Lundin Gold from C$23.50 to C$25.50 in a report on Monday, August 19th. CIBC raised their price objective on Lundin Gold from C$28.00 to C$34.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. Finally, National Bankshares boosted their price objective on Lundin Gold from C$30.75 to C$32.00 and gave the company an "outperform" rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$27.42.

Lundin Gold Stock Performance

Shares of LUG traded up C$0.22 during trading hours on Thursday, hitting C$29.93. The stock had a trading volume of 361,078 shares, compared to its average volume of 269,448. The firm has a market capitalization of C$7.18 billion, a PE ratio of 23.38 and a beta of 1.23. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.98 and a quick ratio of 1.41. Lundin Gold has a 12 month low of C$14.23 and a 12 month high of C$30.64. The stock has a fifty day moving average price of C$26.08 and a 200 day moving average price of C$21.87.

Insider Transactions at Lundin Gold

In related news, Senior Officer Chester See sold 14,900 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total transaction of C$448,490.00. In related news, Senior Officer Chester See sold 14,900 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$30.10, for a total transaction of C$448,490.00. Also, Senior Officer Sheila Margaret Colman sold 16,000 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$28.74, for a total value of C$459,913.60. Over the last quarter, insiders have sold 72,840 shares of company stock valued at $2,146,122. 58.75% of the stock is currently owned by corporate insiders.

Lundin Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.551 per share. The ex-dividend date was Tuesday, September 10th. This represents a $2.20 annualized dividend and a dividend yield of 7.36%. This is a boost from Lundin Gold's previous quarterly dividend of $0.10. Lundin Gold's dividend payout ratio (DPR) is presently 85.16%.

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.