Lundin Mining (LUNMF) Stock Price, News & Analysis

Company Overview

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. The company holds 100% interests in the Chapada mine located in Brazil; the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden. It also holds 80% interests in the Candelaria and Ojos del Salado mining complex; and 51% interest in the Caserones copper-molybdenum mine located in Chile, as well as owns the copper gold Josemaria project located in Argentina. The company was formerly known as South Atlantic Ventures Ltd. and changed its name to Lundin Mining Corporation in August 2004. Lundin Mining Corporation was incorporated in 1994 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: $9.24 to $9.65
• 50-Day Range: $8.46 to $10.75
• 52-Week Range: $6.45 to $13.26
• Volume: 26,974 shs
• Average Volume: 125,933 shs
• Market Capitalization: $7.44 billion
• P/E Ratio: 26.61
• Dividend Yield: 2.71%
• Price Target: $13.75
• Consensus Rating: Hold

Lundin Mining Stock Analysis - MarketRank™

Lundin Mining scored higher than 82% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Lundin Mining has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Lundin Mining has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 16.67%

Earnings Growth

Earnings for Lundin Mining are expected to grow by 16.67% in the coming year, from $0.60 to $0.70 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Lundin Mining is 26.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.43.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lundin Mining is 26.61, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 119.76.

Price to Earnings Growth Ratio

Lundin Mining has a PEG Ratio of 0.33. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Lundin Mining has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.80% of the outstanding shares of Lundin Mining have been sold short.

Short Interest Ratio / Days to Cover

Lundin Mining has a short interest ratio ("days to cover") of 282.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Lundin Mining has recently increased by 6.44%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Lundin Mining pays a meaningful dividend of 2.71%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Lundin Mining does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Lundin Mining is 72.22%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Lundin Mining will have a dividend payout ratio of 37.14% next year. This indicates that Lundin Mining will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.80% of the outstanding shares of Lundin Mining have been sold short.

Short Interest Ratio / Days to Cover

Lundin Mining has a short interest ratio ("days to cover") of 282.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Lundin Mining has recently increased by 6.44%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.75

News Sentiment

Lundin Mining has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.38 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Lundin Mining this week, compared to 1 article on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Lundin Mining insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.40% of the stock of Lundin Mining is held by insiders.

Percentage Held by Institutions

Only 0.06% of the stock of Lundin Mining is held by institutions.

LUNMF Stock Analysis - Frequently Asked Questions

How have LUNMF shares performed this year?

Lundin Mining's stock was trading at $8.20 at the start of the year. Since then, LUNMF shares have increased by 16.8% and is now trading at $9.58.
View the best growth stocks for 2024 here.

How were Lundin Mining's earnings last quarter?

Lundin Mining Co. (OTCMKTS:LUNMF) posted its earnings results on Wednesday, November, 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.09. The basic materials company earned $1.07 billion during the quarter, compared to analysts' expectations of $1.10 billion. Lundin Mining had a net margin of 6.63% and a trailing twelve-month return on equity of 4.97%.

How do I buy shares of Lundin Mining?

Shares of LUNMF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Ex-Dividend for 9/11 Dividend: 8/30/2024
• Dividend Payable: 9/11/2024
• Last Earnings: 11/06/2024
• Today: 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Basic Materials
• Industry: Metal mining
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: OTCMKTS:LUNMF
• CUSIP: N/A
• CIK: 1377085
• Web: www.lundinmining.com
• Phone: (416) 342-5560
• Fax: 416-348-0303
• Employees: 6,019
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $13.75
• High Stock Price Target: $16.00
• Low Stock Price Target: $11.50
• Potential Upside/Downside: +43.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.36
• Trailing P/E Ratio: 26.61
• Forward P/E Ratio: 15.97
• P/E Growth: 0.33
• Net Income: $241.56 million
• Net Margins: 6.63%
• Pretax Margin: 14.69%
• Return on Equity: 4.97%
• Return on Assets: 2.93%

Debt

• Debt-to-Equity Ratio: 0.20
• Current Ratio: 1.49
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: $3.39 billion
• Price / Sales: 2.19
• Cash Flow: $1.27 per share
• Price / Cash Flow: 7.53
• Book Value: $8.30 per share
• Price / Book: 1.15

Miscellaneous

• Outstanding Shares: 776,880,000
• Free Float: 773,756,000
• Market Cap: $7.44 billion
• Optionable: Not Optionable
• Beta: 1.50