Lundin Mining FY2024 EPS Forecast Lowered by Stifel Canada

Lundin Mining Co. (OTCMKTS:LUNMF - Free Report) - Analysts at Stifel Canada reduced their FY2024 EPS estimates for Lundin Mining in a note issued to investors on Tuesday, October 15th. Stifel Canada analyst C. Mcgill now anticipates that the basic materials company will post earnings of $0.52 per share for the year, down from their previous estimate of $0.60. The consensus estimate for Lundin Mining's current full-year earnings is $0.62 per share.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The firm had revenue of $1.08 billion for the quarter. Lundin Mining had a return on equity of 5.19% and a net margin of 4.21%.

Separately, Scotiabank upgraded shares of Lundin Mining to a "hold" rating in a research report on Monday, July 15th.

Lundin Mining Stock Performance

OTCMKTS LUNMF traded down $0.23 on Thursday, hitting $10.26. 22,041 shares of the company's stock traded hands, compared to its average volume of 132,546. The firm's 50-day moving average price is $9.82 and its two-hundred day moving average price is $10.71. The firm has a market capitalization of $7.97 billion, a PE ratio of 68.40, a P/E/G ratio of 0.34 and a beta of 1.49. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. Lundin Mining has a 1-year low of $5.91 and a 1-year high of $13.26.

Lundin Mining Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, September 2nd were issued a dividend of $0.065 per share. This represents a yield of 2.6%. The ex-dividend date was Friday, August 30th. Lundin Mining's dividend payout ratio (DPR) is presently 173.33%.

Lundin Mining Company Profile

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.