Q3 EPS Estimates for Lundin Mining Reduced by Raymond James

Lundin Mining Co. (OTCMKTS:LUNMF - Free Report) - Equities research analysts at Raymond James dropped their Q3 2024 earnings per share estimates for shares of Lundin Mining in a research note issued on Wednesday, October 23rd. Raymond James analyst F. Hamed now anticipates that the basic materials company will earn $0.17 per share for the quarter, down from their previous forecast of $0.21. The consensus estimate for Lundin Mining's current full-year earnings is $0.60 per share.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its earnings results on Tuesday, July 30th. The basic materials company reported $0.16 EPS for the quarter, missing the consensus estimate 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.

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

Lundin Mining Stock Performance

Shares of OTCMKTS LUNMF traded down $0.02 during midday trading on Monday, hitting $10.19. 116,274 shares of the stock traded hands, compared to its average volume of 129,660. The firm has a 50-day moving average of $9.98 and a two-hundred day moving average of $10.65. The firm has a market capitalization of $7.91 billion, a P/E ratio of 67.93, a PEG ratio of 0.35 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.57. Lundin Mining has a one year low of $5.91 and a one year high of $13.26.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, September 2nd were given 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 payout ratio is 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.