Lundin Mining Co. (OTCMKTS:LUNMF – Free Report) – Stock analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for Lundin Mining in a note issued to investors on Tuesday, October 15th. Stifel Canada analyst C. Mcgill now forecasts that the basic materials company will post earnings of $0.52 per share for the year, down from their prior forecast of $0.60. The consensus estimate for Lundin Mining’s current full-year earnings is $0.62 per share.
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The company 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%.
Read Our Latest Research Report on LUNMF
Lundin Mining Stock Down 2.2 %
Shares of OTCMKTS LUNMF opened at $10.26 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 68.40, a PEG ratio of 0.34 and a beta of 1.49. Lundin Mining has a 12 month low of $5.91 and a 12 month high of $13.26. The stock has a 50-day moving average price of $9.82 and a two-hundred day moving average price of $10.71.
Lundin Mining Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, September 2nd were issued a dividend of $0.065 per share. This represents a dividend yield of 2.6%. The ex-dividend date was Friday, August 30th. Lundin Mining’s dividend payout ratio (DPR) is currently 173.33%.
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.
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