In This Article:
Lundin Gold (TSE:LUG) Full Year 2024 Results
Key Financial Results
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Revenue: US$1.19b (up 32% from FY 2023).
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Net income: US$426.1m (up 137% from FY 2023).
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Profit margin: 36% (up from 20% in FY 2023). The increase in margin was driven by higher revenue.
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EPS: US$1.78 (up from US$0.76 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lundin Gold Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 4.5%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are up 6.3% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Lundin Gold's balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.