Raymond James Decreases Earnings Estimates for Lundin Mining

Lundin Mining Co. (TSE:LUN - Free Report) - Stock analysts at Raymond James cut their FY2024 earnings per share (EPS) estimates for Lundin Mining in a report released on Monday, December 9th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.65 per share for the year, down from their prior forecast of $0.72. Raymond James also issued estimates for Lundin Mining's FY2025 earnings at $0.31 EPS.

Several other research firms have also commented on LUN. Ventum Financial upped their target price on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. JPMorgan Chase & Co. raised shares of Lundin Mining from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. UBS Group boosted their price objective on shares of Lundin Mining from C$16.00 to C$17.00 in a research note on Monday. Scotiabank raised Lundin Mining from a "sector perform" rating to an "outperform" rating and cut their target price for the stock from C$18.00 to C$16.00 in a research report on Monday, August 19th. Finally, Royal Bank of Canada lowered their price target on Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating for the company in a research report on Tuesday, September 10th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$17.72.

Lundin Mining Trading Down 1.1 %

LUN traded down C$0.14 during trading on Thursday, hitting C$12.87. The company's stock had a trading volume of 2,337,158 shares, compared to its average volume of 2,349,806. Lundin Mining has a twelve month low of C$9.67 and a twelve month high of C$17.97. The firm's 50 day moving average price is C$13.98 and its 200-day moving average price is C$14.11. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The stock has a market cap of C$10.00 billion, a PE ratio of 45.96, a PEG ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN - Get Free Report) last announced its earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The firm had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion.

Lundin Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Friday, November 29th. Lundin Mining's payout ratio is 128.57%.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.