Brokers Set Expectations for Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN - Free Report) - Stock analysts at Ventum Cap Mkts issued their Q4 2024 earnings estimates for Lundin Mining in a note issued to investors on Thursday, November 21st. Ventum Cap Mkts analyst C. Mackay expects that the mining company will post earnings of $0.31 per share for the quarter. Ventum Cap Mkts also issued estimates for Lundin Mining's Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.17 EPS and Q3 2025 earnings at $0.17 EPS.

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

Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. raised shares of Lundin Mining from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Haywood Securities upgraded shares of Lundin Mining from a "hold" rating to a "buy" rating and set a C$17.00 target price on the stock in a report on Tuesday, August 6th. Royal Bank of Canada dropped 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 research note on Tuesday, September 10th. CIBC boosted their price target on Lundin Mining from C$16.00 to C$17.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. Finally, Ventum Financial upped their price target on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$17.98.

Lundin Mining Trading Up 1.1 %

Shares of Lundin Mining stock traded up C$0.15 on Monday, hitting C$14.29. The stock had a trading volume of 5,686,682 shares, compared to its average volume of 2,369,958. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The stock has a market cap of C$11.10 billion, a price-to-earnings ratio of 50.50, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a one year low of C$8.84 and a one year high of C$17.97. The stock's 50-day simple moving average is C$13.89 and its two-hundred day simple moving average is C$14.37.

Lundin Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 2.52%. Lundin Mining's dividend payout ratio is presently 128.57%.

Insider Activity

In related news, Director Jack Oliver Lundin purchased 65,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of C$12.55 per share, for a total transaction of C$815,854.00. Company insiders own 15.70% of the company's stock.

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.