Lundin Mining Co. (OTCMKTS:LUNMF – Free Report) – Equities research analysts at National Bank Financial reduced their Q3 2024 earnings per share estimates for Lundin Mining in a report issued on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $0.08 for the quarter, down from their previous estimate of $0.16. The consensus estimate for Lundin Mining’s current full-year earnings is $0.62 per share. National Bank Financial also issued estimates for Lundin Mining’s FY2024 earnings at $0.50 EPS and FY2025 earnings at $0.51 EPS.
Separately, Scotiabank upgraded Lundin Mining to a “hold” rating in a research note on Monday, July 15th.
Lundin Mining Stock Performance
LUNMF stock opened at $10.26 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.04. The business has a 50-day moving average price of $9.82 and a 200 day moving average price of $10.71. The company has a market capitalization of $7.97 billion, a P/E ratio of 68.40, a PEG ratio of 0.34 and a beta of 1.49. Lundin Mining has a 1-year low of $5.91 and a 1-year high of $13.26.
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $1.08 billion during the quarter. Lundin Mining had a net margin of 4.21% and a return on equity of 5.19%.
Lundin Mining Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, September 2nd were issued a $0.065 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 30th. Lundin Mining’s payout ratio is 173.33%.
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.
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