Lundin Mining Q3 EPS Lowered by National Bank Financial

Lundin Mining Co. (TSE:LUN - Free Report) - Equities researchers at National Bank Financial reduced their Q3 2024 earnings per share (EPS) estimates for Lundin Mining in a research note issued on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.22. National Bank Financial also issued estimates for Lundin Mining's FY2025 earnings at $0.69 EPS.

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

A number of other analysts have also commented on LUN. National Bankshares lowered their price objective on Lundin Mining from C$19.50 to C$18.50 and set an "outperform" rating for the company in a research report on Monday, July 15th. Ventum Financial lowered their price target on shares of Lundin Mining from C$20.00 to C$18.50 in a research report on Thursday, August 22nd. 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. JPMorgan Chase & Co. raised shares of Lundin Mining from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Finally, Eight Capital upped their target price on shares of Lundin Mining from C$16.00 to C$17.50 in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$17.51.

Lundin Mining Stock Performance

The firm has a market cap of C$10.99 billion, a PE ratio of 51.57, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$17.97. 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 has a 50 day moving average price of C$13.35 and a two-hundred day moving average price of C$14.64.

Insider Transactions at Lundin Mining

In other news, Director Jack Oliver Lundin purchased 65,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price of C$12.55 per share, with a total value of C$815,854.00. 15.70% of the stock is owned by insiders.

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.