FY2024 EPS Estimates for Lundin Mining Decreased by Analyst

Lundin Mining Co. (TSE:LUN - Free Report) - Investment analysts at Stifel Canada decreased their FY2024 earnings per share estimates for shares of Lundin Mining in a research note issued to investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now anticipates that the mining company will earn $0.66 per share for the year, down from their previous estimate of $0.75. Stifel Canada also issued estimates for Lundin Mining's FY2025 earnings at $0.72 EPS and FY2027 earnings at $0.53 EPS.

Several other brokerages also recently weighed in on LUN. Raymond James lowered their target price on Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating for the company in a research note on Thursday, January 16th. Jefferies Financial Group lowered their target price on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. UBS Group lowered their target price on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Scotiabank cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 15th. Finally, Ventum Financial increased their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$17.31.

Lundin Mining Stock Down 3.4 %

Shares of Lundin Mining stock traded down C$0.42 during trading hours on Monday, hitting C$12.00. 1,088,057 shares of the company's stock traded hands, compared to its average volume of 2,369,862. The stock has a 50 day simple moving average of C$12.95 and a 200-day simple moving average of C$13.46. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The company has a market cap of C$9.32 billion, a PE ratio of 42.86, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a twelve month low of C$10.56 and a twelve month high of C$17.97.

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). The business had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

Lundin Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 3.00%. Lundin Mining's payout ratio is currently 128.57%.

Lundin Mining Company Profile

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.