Brokers Offer Predictions for Lundin Mining Q3 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF - Free Report) - Analysts at Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for Lundin Mining in a research note issued to investors on Tuesday, October 15th. Stifel Canada analyst C. Mcgill forecasts that the basic materials company will post earnings per share of $0.13 for the quarter. The consensus estimate for Lundin Mining's current full-year earnings is $0.62 per share.

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

Lundin Mining Trading Up 1.9 %

Shares of Lundin Mining stock traded up $0.19 during trading on Friday, hitting $10.45. 31,311 shares of the company were exchanged, compared to its average volume of 132,055. The firm has a market capitalization of $8.12 billion, a P/E ratio of 68.40, a price-to-earnings-growth ratio of 0.34 and a beta of 1.49. Lundin Mining has a 1-year low of $5.91 and a 1-year high of $13.26. The firm's fifty day moving average price is $9.84 and its 200 day moving average price is $10.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.04.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last announced its quarterly earnings data 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 during the quarter. Lundin Mining had a return on equity of 5.19% and a net margin of 4.21%.

Lundin Mining Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, September 2nd were paid a $0.065 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend 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.