Analysts Offer Predictions for Lundin Mining Q3 Earnings

Lundin Mining Co. (TSE:LUN) – Research analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of Lundin Mining in a report issued on Tuesday, October 15th. Stifel Canada analyst C. Mcgill forecasts that the mining company will post earnings per share of $0.18 for the quarter. Stifel Canada also issued estimates for Lundin Mining’s FY2024 earnings at $0.71 EPS.

Several other research analysts also recently weighed in on LUN. CIBC increased their price target on Lundin Mining from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Morgan Stanley increased their price target on Lundin Mining from C$20.00 to C$20.70 in a research note on Friday, June 21st. Royal Bank of Canada cut their target price on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. National Bankshares cut their target price on Lundin Mining from C$19.50 to C$18.50 and set an “outperform” rating for the company in a research note on Monday, July 15th. Finally, Scotiabank upgraded Lundin Mining from a “sector perform” rating to an “outperform” rating and cut their target price for the stock from C$18.00 to C$16.00 in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$17.51.

Lundin Mining Stock Performance

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 market cap of C$10.99 billion, a P/E ratio of 51.57, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$17.97. The business’s fifty day moving average price is C$13.35 and its two-hundred day moving average price is C$14.64.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results 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). The firm had revenue of C$1.48 billion for the quarter, compared to the consensus estimate of C$1.51 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Insider Buying and Selling at Lundin Mining

In other news, Director Jack Oliver Lundin acquired 65,000 shares of the firm’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. 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.