FY2024 EPS Estimates for Lundin Mining Raised by Analyst

Lundin Mining Co. (TSE:LUN - Free Report) - National Bank Financial upped their FY2024 EPS estimates for Lundin Mining in a report released on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the mining company will earn $0.77 per share for the year, up from their prior forecast of $0.48. National Bank Financial also issued estimates for Lundin Mining's Q4 2024 earnings at $0.32 EPS and FY2025 earnings at $1.13 EPS.

Several other analysts have also recently issued reports on LUN. UBS Group cut their target price on Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Raymond James reduced their price objective on shares of Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating on the stock in a research report on Thursday, January 16th. Ventum Financial upped their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Stifel Nicolaus cut their target price on shares of Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Finally, Scotiabank cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$17.19.

Lundin Mining Price Performance

TSE:LUN traded up C$0.08 on Friday, reaching C$12.31. 864,250 shares of the company's stock traded hands, compared to its average volume of 2,436,657. The stock has a 50-day simple moving average of C$12.50 and a 200-day simple moving average of C$13.20. Lundin Mining has a 12 month low of C$10.56 and a 12 month high of C$17.97. The firm has a market cap of C$9.56 billion, a PE ratio of 43.96, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64.

Lundin Mining Company Profile

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.