FY2024 EPS Estimates for Lundin Mining Boosted by Analyst

Lundin Mining Co. (TSE:LUN - Free Report) - Analysts at Stifel Canada upped their FY2024 earnings per share estimates for Lundin Mining in a report released on Sunday, December 15th. Stifel Canada analyst C. Mcgill now anticipates that the mining company will post earnings of $0.75 per share for the year, up from their prior estimate of $0.71. Stifel Canada also issued estimates for Lundin Mining's FY2025 earnings at $0.91 EPS and FY2026 earnings at $0.60 EPS.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada reduced their target price on 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. JPMorgan Chase & Co. raised shares of 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. Ventum Financial lifted their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. UBS Group upped their price objective on shares of Lundin Mining from C$16.00 to C$17.00 in a report on Monday, December 9th. Finally, Raymond James dropped their target price on shares of Lundin Mining from C$16.00 to C$15.00 in a report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$17.72.

Lundin Mining Trading Down 3.2 %

Shares of TSE LUN traded down C$0.39 during midday trading on Wednesday, reaching C$11.90. 1,782,362 shares of the stock were exchanged, compared to its average volume of 2,340,966. Lundin Mining has a twelve month low of C$9.85 and a twelve month high of C$17.97. The stock has a market capitalization of C$9.24 billion, a P/E ratio of 42.50, a PEG ratio of -0.26 and a beta of 1.66. The company has a 50 day simple moving average of C$13.87 and a 200 day simple moving average of C$14.03. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49.

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

Lundin Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.03%. Lundin Mining's 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.