Lundin Mining FY2024 EPS Forecast Decreased by Raymond James

Lundin Mining Co. (TSE:LUN - Free Report) - Equities researchers at Raymond James decreased their FY2024 earnings estimates for Lundin Mining in a research report issued to clients and investors on Thursday, February 6th. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $0.60 for the year, down from their previous estimate of $0.65. Raymond James currently has a "Market Perform" rating and a $14.00 target price on the stock. Raymond James also issued estimates for Lundin Mining's Q4 2024 earnings at $0.16 EPS and FY2025 earnings at $0.54 EPS.

Several other analysts also recently issued reports on LUN. Scotiabank downgraded shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 15th. UBS Group cut their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Stifel Nicolaus dropped their price target on shares of Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Ventum Financial upped their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Finally, Jefferies Financial Group decreased their price target on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$17.19.

Lundin Mining Price Performance

Shares of TSE LUN traded up C$0.12 during mid-day trading on Monday, reaching C$12.37. 1,825,553 shares of the company traded hands, compared to its average volume of 2,463,143. Lundin Mining has a fifty-two week low of C$10.56 and a fifty-two week high of C$17.97. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The firm has a market cap of C$7.56 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The stock has a fifty day simple moving average of C$12.40 and a 200-day simple moving average of C$13.17.

Lundin Mining Company Profile

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.