Lundin Mining Co. (OTCMKTS:LUNMF – Free Report) – Equities research analysts at Raymond James decreased their Q3 2024 earnings per share estimates for shares of Lundin Mining in a note issued to investors on Wednesday, October 23rd. Raymond James analyst F. Hamed now expects that the basic materials company will earn $0.17 per share for the quarter, down from their prior estimate of $0.21. The consensus estimate for Lundin Mining’s current full-year earnings is $0.60 per share.
Separately, Scotiabank upgraded Lundin Mining to a “hold” rating in a research report on Monday, July 15th.
Lundin Mining Price Performance
Shares of OTCMKTS LUNMF opened at $10.21 on Monday. 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 stock has a market cap of $7.93 billion, a price-to-earnings ratio of 44.39, a PEG ratio of 0.35 and a beta of 1.49. The company’s 50-day moving average price is $9.97 and its 200 day moving average price is $10.66. Lundin Mining has a 52 week low of $5.91 and a 52 week high of $13.26.
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). Lundin Mining had a return on equity of 5.19% and a net margin of 4.21%. The firm had revenue of $1.08 billion for the quarter.
Lundin Mining Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, September 2nd were given a dividend of $0.065 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 30th. Lundin Mining’s dividend payout ratio (DPR) is presently 113.05%.
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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