FY2024 EPS Estimates for Lundin Mining Reduced by Analyst

Lundin Mining Co. (OTCMKTS:LUNMF - Free Report) - Research analysts at Raymond James decreased their FY2024 earnings per share estimates for Lundin Mining in a research report issued on Wednesday, October 23rd. Raymond James analyst F. Hamed now anticipates that the basic materials company will earn $0.62 per share for the year, down from their prior estimate of $0.65. The consensus estimate for Lundin Mining's current full-year earnings is $0.60 per share. Raymond James also issued estimates for Lundin Mining's Q4 2024 earnings at $0.23 EPS.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 raised Lundin Mining to a "hold" rating in a report on Monday, July 15th.

Lundin Mining Stock Up 0.3 %

LUNMF traded up $0.03 on Friday, reaching $10.21. The company's stock had a trading volume of 18,898 shares, compared to its average volume of 129,725. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 44.39, a P/E/G ratio of 0.35 and a beta of 1.49. Lundin Mining has a fifty-two week low of $5.91 and a fifty-two week high of $13.26. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $9.97 and a two-hundred day moving average of $10.68.

Lundin Mining Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, September 2nd were given a $0.065 dividend. This represents a dividend yield of 2.6%. The ex-dividend date was Friday, August 30th. Lundin Mining's dividend payout ratio is currently 113.05%.

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.