Lundin Mining (LUN) Stock Price, News & Analysis

Company Overview

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. The company holds 100% interests in the Chapada mine located in Brazil; the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden. It also holds 80% interests in the Candelaria and Ojos del Salado mining complex; and 51% interest in the Caserones copper-molybdenum mine located in Chile, as well as owns the copper gold Josemaria project located in Argentina. The company was formerly known as South Atlantic Ventures Ltd. and changed its name to Lundin Mining Corporation in August 2004. Lundin Mining Corporation was incorporated in 1994 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: C$13.96 to C$14.25
• 50-Day Range: C$11.49 to C$14.77
• 52-Week Range: C$8.84 to C$17.97
• Volume: 720,907 shs
• Average Volume: 2.35 million shs
• Market Capitalization: C$10.95 billion
• P/E Ratio: 50.32
• Dividend Yield: 2.56%
• Price Target: C$17.98
• Consensus Rating: Moderate Buy

Lundin Mining Stock Analysis - MarketRank™

Lundin Mining scored higher than 69% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Lundin Mining has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 9 buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Lundin Mining has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Lundin Mining is 50.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lundin Mining is 50.79, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.30.

Price to Earnings Growth Ratio

Due to a projected decrease in earnings for Lundin Mining, their PEG ratio cannot be calculated.

Price to Book Value per Share Ratio

Lundin Mining has a P/B Ratio of 2.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for LUN.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Lundin Mining pays a meaningful dividend of 2.50%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Lundin Mining does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Lundin Mining is 128.57%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for LUN.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.90

News Sentiment

Lundin Mining has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Lundin Mining this week, compared to 4 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Lundin Mining insiders have bought 7,768.20% more of their company's stock than they have sold. Specifically, they have bought C$815,854.00 in company stock and sold C$10,369.00 in company stock.

Percentage Held by Insiders

15.70% of the stock of Lundin Mining is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

57.55% of the stock of Lundin Mining is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LUN Stock Analysis - Frequently Asked Questions

How have LUN shares performed this year?

Lundin Mining's stock was trading at C$10.84 on January 1st, 2024. Since then, LUN stock has increased by 31.2% and is now trading at C$14.22.
View the best growth stocks for 2024 here.

How were Lundin Mining's earnings last quarter?

Lundin Mining Co. (TSE:LUN) released its quarterly earnings data on Wednesday, November, 6th. The mining company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.12. The mining company earned $1.46 billion during the quarter, compared to analysts' expectations of $1.49 billion. Lundin Mining had a trailing twelve-month return on equity of 5.04% and a net margin of 4.21%.

How do I buy shares of Lundin Mining?

Shares of LUN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Lundin Mining own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lundin Mining investors own include First Quantum Minerals (FM), Hudbay Minerals (HBM), (CXRX) (CXRX), NVIDIA (NVDA), Enbridge (ENB), Wheaton Precious Metals (WPM) and Canadian National Railway (CNR).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/21/2024
• Ex-Dividend for 12/11 Dividend: 11/29/2024
• Dividend Payable: 12/11/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Copper
• Sub-Industry: N/A
• Current Symbol: TSE:LUN
• CUSIP: N/A
• CIK: N/A
• Web: www.lundinmining.com
• Phone: +1-416-3425560
• Fax: N/A
• Employees: 6,019
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$17.98
• High Stock Price Target: C$20.70
• Low Stock Price Target: C$16.00
• Potential Upside/Downside: +26.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.28
• Trailing P/E Ratio: 50.68
• Forward P/E Ratio: N/A
• P/E Growth: -0.26
• Net Income: C$171.30 million
• Net Margins: 4.21%
• Pretax Margin: N/A
• Return on Equity: 5.04%
• Return on Assets: 4.56%

Debt

• Debt-to-Equity Ratio: 24.64
• Current Ratio: 1.49
• Quick Ratio: 0.90

Sales & Book Value

• Annual Sales: C$4.07 billion
• Price / Sales: 2.71
• Cash Flow: C$0.50 per share
• Price / Cash Flow: 28.14
• Book Value: C$6.40 per share
• Price / Book: 2.22

Miscellaneous

• Outstanding Shares: 776,860,000
• Free Float: N/A
• Market Cap: C$11.02 billion
• Optionable: Not Optionable
• Beta: 1.66