Brokers Set Expectations for Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN - Free Report) - Investment analysts at National Bank Financial boosted their Q4 2024 earnings estimates for shares of Lundin Mining in a research report issued to clients and investors on Thursday, November 7th. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings of $0.29 per share for the quarter, up from their previous forecast of $0.22. National Bank Financial also issued estimates for Lundin Mining's Q1 2025 earnings at $0.14 EPS.

Several other equities research analysts have also weighed in on LUN. JPMorgan Chase & Co. raised shares of Lundin Mining from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from C$18.20 to C$17.30 in a report on Tuesday, August 20th. CIBC upped their target price on shares of Lundin Mining from C$16.00 to C$17.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Royal Bank of Canada lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating on the stock in a report on Tuesday, September 10th. Haywood Securities raised shares of Lundin Mining from a "hold" rating to a "buy" rating and set a C$17.00 target price on the stock in a report on Tuesday, August 6th. Finally, Canaccord Genuity Group lowered their target price on shares of Lundin Mining from C$17.50 to C$16.50 in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$17.98.

Lundin Mining Price Performance

Shares of LUN traded down C$0.18 during trading hours on Monday, hitting C$13.71. The stock had a trading volume of 1,580,108 shares, compared to its average volume of 2,363,398. The company's fifty day moving average is C$13.62 and its two-hundred day moving average is C$14.50. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. Lundin Mining has a 52 week low of C$8.32 and a 52 week high of C$17.97. The stock has a market capitalization of C$10.65 billion, a price-to-earnings ratio of 48.96, a P/E/G ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN - Get Free Report) last announced 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). The business had revenue of C$1.46 billion during 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%.

Lundin Mining Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 2.63%. Lundin Mining's payout ratio is presently 128.57%.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin bought 65,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of C$12.55 per share, for a total transaction of C$815,854.00. Corporate insiders own 15.70% of the company's stock.

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.