Lundin Mining Co. Expected to Post FY2024 Earnings of $0.68 Per Share (TSE:LUN)

Lundin Mining Co. (TSE:LUN - Free Report) - Analysts at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for shares of Lundin Mining in a research report issued on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings per share of $0.68 for the year, down from their prior estimate of $0.75.

Lundin Mining (TSE:LUN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.03). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The company had revenue of C$1.48 billion for the quarter, compared to analysts' expectations of C$1.51 billion.

Several other equities research analysts have also weighed in on the company. Morgan Stanley lifted their price target on Lundin Mining from C$20.00 to C$20.70 in a research report on Friday, June 21st. National Bankshares dropped their target price on shares of Lundin Mining from C$19.50 to C$18.50 and set an "outperform" rating on the stock in a report on Monday, July 15th. Canaccord Genuity Group decreased their price target on shares of Lundin Mining from C$17.50 to C$16.50 in a research note on Monday, July 22nd. JPMorgan Chase & Co. raised shares of Lundin Mining from a "neutral" rating to an "overweight" rating and lowered their price target for the company from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada cut their price objective on shares of Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating on the stock in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$17.51.

Lundin Mining Stock Up 2.7 %

Lundin Mining stock traded up C$0.38 during trading hours on Wednesday, hitting C$14.44. 1,378,791 shares of the stock traded hands, compared to its average volume of 2,383,789. Lundin Mining has a one year low of C$8.18 and a one year high of C$17.97. The company has a market cap of C$11.22 billion, a PE ratio of 51.57, a PEG ratio of -0.26 and a beta of 1.66. The firm's 50-day moving average price is C$13.35 and its two-hundred day moving average price is C$14.64. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64.

Insider Transactions at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin acquired 65,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of C$12.55 per share, with a total value of C$815,854.00. Company insiders own 15.70% of the company's stock.

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.