Cormark Forecasts Lundin Mining's FY2025 Earnings (TSE:LUN)

Lundin Mining Co. (TSE:LUN - Free Report) - Equities research analysts at Cormark upped their FY2025 earnings per share (EPS) estimates for shares of Lundin Mining in a report issued on Tuesday, November 12th. Cormark analyst S. Ioannou now forecasts that the mining company will earn $1.36 per share for the year, up from their prior forecast of $1.33.

Lundin Mining (TSE:LUN - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of C$1.49 billion.

A number of other research analysts have also commented on LUN. Scotiabank raised Lundin Mining from a "sector perform" rating to an "outperform" rating and lowered their price target for the company from C$18.00 to C$16.00 in a report on Monday, August 19th. JPMorgan Chase & Co. raised Lundin Mining from a "neutral" rating to an "overweight" rating and decreased their target price for the company from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Canaccord Genuity Group decreased their target price on Lundin Mining from C$17.50 to C$16.50 in a research note on Monday, July 22nd. Ventum Financial raised their target price on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Finally, Royal Bank of Canada decreased their target price on Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating for the company in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$17.98.

Lundin Mining Stock Performance

TSE LUN traded up C$0.45 during trading hours on Thursday, hitting C$13.44. The company had a trading volume of 2,654,414 shares, compared to its average volume of 2,366,337. The firm has a market cap of C$10.44 billion, a P/E ratio of 48.14, a price-to-earnings-growth 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 has a fifty-two week low of C$8.84 and a fifty-two week high of C$17.97. The business has a fifty day simple moving average of C$13.58 and a 200-day simple moving average of C$14.46.

Insider Activity at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin acquired 65,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of C$12.55 per share, for a total transaction of C$815,854.00. 15.70% of the stock is owned by insiders.

Lundin Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.68%. The ex-dividend date is Friday, November 29th. Lundin Mining's dividend 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.