Q4 EPS Estimates for Lundin Mining Cut by Raymond James

Lundin Mining Co. (TSE:LUN - Free Report) - Research analysts at Raymond James lowered their Q4 2024 EPS estimates for Lundin Mining in a report released on Monday, December 9th. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $0.21 for the quarter, down from their previous forecast of $0.29. Raymond James also issued estimates for Lundin Mining's Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.09 EPS and Q4 2025 earnings at $0.09 EPS.

Lundin Mining (TSE:LUN - Get Free Report) last issued its earnings results on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing analysts' consensus estimates of C$0.24 by C($0.12). The firm had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

A number of other brokerages have also recently weighed in on LUN. UBS Group boosted their price target on shares of Lundin Mining from C$16.00 to C$17.00 in a research report on Monday. JPMorgan Chase & Co. raised Lundin Mining from a "neutral" rating to an "overweight" rating and decreased their target price for the company from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Scotiabank raised Lundin Mining from a "sector perform" rating to an "outperform" rating and cut their price target for the stock from C$18.00 to C$16.00 in a research report on Monday, August 19th. Ventum Financial increased their price objective on Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Finally, Royal Bank of Canada lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating on the stock in a research report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$17.72.

Lundin Mining Stock Down 2.3 %

Shares of Lundin Mining stock traded down C$0.31 during trading hours on Wednesday, hitting C$13.01. The company had a trading volume of 3,538,283 shares, compared to its average volume of 2,345,932. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The company's 50-day moving average is C$14.03 and its two-hundred day moving average is C$14.17. The company has a market cap of C$10.11 billion, a P/E ratio of 47.57, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a twelve month low of C$9.67 and a twelve month high of C$17.97.

Lundin Mining Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, November 29th. Lundin Mining's dividend payout ratio (DPR) is 128.57%.

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.