Ventum Cap Mkts Forecasts Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Equities researchers at Ventum Cap Mkts issued their Q4 2024 earnings per share (EPS) estimates for Lundin Mining in a report issued on Thursday, November 21st. Ventum Cap Mkts analyst C. Mackay forecasts that the mining company will post earnings per share of $0.31 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) last announced its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The company had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.49 billion.

LUN has been the topic of several other reports. Haywood Securities raised Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price target on the stock in a report on Tuesday, August 6th. Ventum Financial raised their target price on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Scotiabank raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from C$18.00 to C$16.00 in a research report on Monday, August 19th. CIBC raised their price objective on shares of Lundin Mining from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Royal Bank of Canada reduced their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. One research 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. According to data from MarketBeat.com, Lundin Mining presently has a consensus rating of “Moderate Buy” and an average target price of C$17.98.

Lundin Mining Stock Up 0.1 %

Shares of Lundin Mining stock opened at C$14.14 on Monday. Lundin Mining has a twelve month low of C$8.84 and a twelve month high of C$17.97. 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 company’s 50 day moving average is C$13.89 and its 200 day moving average is C$14.37. The company has a market cap of C$10.98 billion, a price-to-earnings ratio of 50.50, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Insider Buying and Selling at Lundin Mining

In related news, Director Jack Oliver Lundin acquired 65,000 shares of Lundin Mining stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of C$12.55 per share, for a total transaction of C$815,854.00. Insiders own 15.70% of the company’s stock.

Lundin Mining Dividend Announcement

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 paid a $0.09 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 2.55%. Lundin Mining’s payout ratio is presently 128.57%.

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.