Raymond James Issues Pessimistic Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN - Free Report) had its price target trimmed by Raymond James from C$15.00 to C$14.00 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has a market perform rating on the mining company's stock. Raymond James also issued estimates for Lundin Mining's Q4 2024 earnings at $0.20 EPS.

Several other research analysts also recently issued reports on the stock. UBS Group dropped their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Jefferies Financial Group lowered their price target on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Finally, Ventum Financial lifted their price objective on Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$17.31.

Lundin Mining Stock Performance

Shares of TSE LUN traded down C$0.18 during trading hours on Thursday, hitting C$12.26. 3,050,793 shares of the company's stock were exchanged, compared to its average volume of 2,509,781. The company's 50-day moving average price is C$13.05 and its 200-day moving average price is C$13.58. Lundin Mining has a 1-year low of C$9.85 and a 1-year high of C$17.97. The stock has a market capitalization of C$9.52 billion, a price-to-earnings ratio of 43.79, a PEG ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90.

Lundin Mining (TSE:LUN - Get Free Report) last issued its quarterly 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 business 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%.

Lundin Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 2.94%. Lundin Mining's dividend payout ratio is 128.57%.

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.