Raymond James Has Positive View of Lundin Mining Q1 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF - Free Report) - Investment analysts at Raymond James upped their Q1 2025 earnings per share estimates for shares of Lundin Mining in a research report issued to clients and investors on Tuesday, April 15th. Raymond James analyst F. Hamed now expects that the basic materials company will post earnings of $0.14 per share for the quarter, up from their prior forecast of $0.09. The consensus estimate for Lundin Mining's current full-year earnings is $0.53 per share. Raymond James also issued estimates for Lundin Mining's Q2 2025 earnings at $0.10 EPS and FY2025 earnings at $0.52 EPS.

Several other brokerages have also issued reports on LUNMF. Desjardins upgraded Lundin Mining to a "moderate buy" rating in a report on Thursday, April 3rd. The Goldman Sachs Group upgraded Lundin Mining from a "buy" rating to a "strong-buy" rating in a report on Thursday, March 6th. Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Canaccord Genuity Group upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Lundin Mining presently has an average rating of "Strong Buy".

Lundin Mining Stock Up 3.6 %

LUNMF stock traded up $0.27 during midday trading on Friday, reaching $7.96. The company had a trading volume of 250,913 shares, compared to its average volume of 306,085. The company has a 50 day moving average of $8.18 and a two-hundred day moving average of $8.91. The company has a market capitalization of $6.90 billion, a P/E ratio of 22.12, a PEG ratio of 0.36 and a beta of 1.39. Lundin Mining has a 1 year low of $6.30 and a 1 year high of $13.26. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.10). Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The business had revenue of $858.90 million for the quarter, compared to analyst estimates of $1.06 billion.

Lundin Mining Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 24th were issued a dividend of $0.0634 per share. This represents a dividend yield of 2.79%. The ex-dividend date was Friday, March 21st. Lundin Mining's payout ratio is -92.31%.

About Lundin Mining

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.