Lundin Mining FY2027 EPS Estimate Decreased by Stifel Canada

Lundin Mining Co. (TSE:LUN - Free Report) - Stock analysts at Stifel Canada lowered their FY2027 earnings per share (EPS) estimates for Lundin Mining in a research note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now anticipates that the mining company will post earnings per share of $0.89 for the year, down from their prior estimate of $1.08.

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 for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The company had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

A number of other equities research analysts have also recently issued reports on LUN. Scotiabank upgraded Lundin Mining from a "sector perform" rating to an "outperform" rating and lowered their price objective for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. Royal Bank of Canada dropped their price target on shares of Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating on the stock in a research note on Tuesday, September 10th. Ventum Financial lifted their price objective on shares of 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 lowered their target price for the company from C$18.20 to C$17.30 in a report on Tuesday, August 20th. Finally, UBS Group raised their price target on Lundin Mining from C$16.00 to C$17.00 in a report on Monday, December 9th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$17.72.

Lundin Mining Stock Performance

TSE:LUN traded down C$0.24 during trading hours on Tuesday, reaching C$12.29. The stock had a trading volume of 2,251,546 shares, compared to its average volume of 2,343,255. The stock has a market cap of C$9.55 billion, a P/E ratio of 43.86, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The stock has a 50 day simple moving average of C$13.91 and a 200 day simple moving average of C$14.06. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. Lundin Mining has a 12-month low of C$9.85 and a 12-month high of C$17.97.

Lundin Mining Announces Dividend

The business also recently disclosed 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 2.93%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining's dividend 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.