Lundin Mining Co. (TSE:LUN - Free Report) - Stock analysts at Raymond James cut their Q4 2024 EPS estimates for Lundin Mining in a report released on Wednesday, January 15th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.20 per share for the quarter, down from their previous estimate of $0.21. Raymond James currently has a "Market Perform" rating and a $14.00 target price on the stock.
Lundin Mining (TSE:LUN - Get Free Report) last announced its quarterly earnings data 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 company had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion.
A number of other research firms have also weighed in on LUN. UBS Group lowered their target price on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Jefferies Financial Group lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Ventum Financial lifted their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Finally, Scotiabank cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$17.31.
Check Out Our Latest Analysis on Lundin Mining
Lundin Mining Stock Down 0.7 %
Shares of LUN traded down C$0.09 on Friday, reaching C$12.35. The company's stock had a trading volume of 1,162,822 shares, compared to its average volume of 2,350,345. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. Lundin Mining has a twelve month low of C$9.85 and a twelve month high of C$17.97. The stock has a market capitalization of C$9.59 billion, a PE ratio of 44.11, a PEG ratio of -0.26 and a beta of 1.66. The firm has a fifty day moving average of C$13.08 and a 200-day moving average of C$13.60.
Lundin Mining Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders 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 dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining's payout ratio is 128.57%.
About Lundin Mining
(
Get Free Report)
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.
Recommended Stories
Before you consider Lundin Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lundin Mining wasn't on the list.
While Lundin Mining currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
