Lundin Mining Co. (OTCMKTS:LUNMF - Free Report) - National Bank Financial decreased their Q3 2024 EPS estimates for Lundin Mining in a report issued on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings per share of $0.08 for the quarter, down from their prior forecast of $0.16. The consensus estimate for Lundin Mining's current full-year earnings is $0.62 per share. National Bank Financial also issued estimates for Lundin Mining's FY2024 earnings at $0.50 EPS and FY2025 earnings at $0.51 EPS.
Separately, Scotiabank raised shares of Lundin Mining to a "hold" rating in a report on Monday, July 15th.
View Our Latest Report on LUNMF
Lundin Mining Stock Up 3.3 %
Shares of LUNMF traded up $0.34 during midday trading on Wednesday, reaching $10.49. 46,912 shares of the company were exchanged, compared to its average volume of 133,099. Lundin Mining has a 1-year low of $5.91 and a 1-year high of $13.26. The stock has a 50-day moving average price of $9.78 and a 200-day moving average price of $10.71. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 69.93, a P/E/G ratio of 0.34 and a beta of 1.49.
Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). Lundin Mining had a net margin of 4.21% and a return on equity of 5.19%. The business had revenue of $1.08 billion for the quarter.
Lundin Mining Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, September 2nd were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 2.6%. Lundin Mining's dividend payout ratio (DPR) is 173.33%.
About Lundin Mining
(
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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.
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