Last week, you might have seen that Lundin Gold Inc. (TSE:LUG) released its third-quarter result to the market. The early response was not positive, with shares down 7.2% to CA$30.81 in the past week. It was a workmanlike result, with revenues of US$332m coming in 5.7% ahead of expectations, and statutory earnings per share of US$0.77, in line with analyst appraisals. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

See our latest analysis for Lundin Gold

Taking into account the latest results, the most recent consensus for Lundin Gold from nine analysts is for revenues of US$1.32b in 2025. If met, it would imply a substantial 26% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to jump 62% to US$2.08. Before this earnings report, the analysts had been forecasting revenues of US$1.25b and earnings per share (EPS) of US$1.95 in 2025. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.3% to CA$34.42per share. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Lundin Gold analyst has a price target of CA$42.00 per share, while the most pessimistic values it at CA$25.50. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Lundin Gold's revenue growth is expected to slow, with the forecast 21% annualised growth rate until the end of 2025 being well below the historical 35% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 16% per year. So it's pretty clear that, while Lundin Gold's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.