Brokers Set Expectations for Lundin Mining FY2024 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF - Free Report) - Equities research analysts at Stifel Canada upped their FY2024 EPS estimates for shares of Lundin Mining in a research report issued on Sunday, December 15th. Stifel Canada analyst C. Mcgill now anticipates that the basic materials company will post earnings of $0.53 per share for the year, up from their prior estimate of $0.52. The consensus estimate for Lundin Mining's current full-year earnings is $0.57 per share. Stifel Canada also issued estimates for Lundin Mining's FY2026 earnings at $0.42 EPS.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.09). Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.10 billion.

Lundin Mining Trading Down 4.0 %

Shares of OTCMKTS:LUNMF traded down $0.35 during trading on Wednesday, hitting $8.25. The company had a trading volume of 102,552 shares, compared to its average volume of 136,361. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 0.41 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96. The company has a fifty day simple moving average of $9.93 and a two-hundred day simple moving average of $10.15. Lundin Mining has a one year low of $7.31 and a one year high of $13.26.

Lundin Mining Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.0647 per share. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 2.56%. Lundin Mining's dividend payout ratio is 72.22%.

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.