Raymond James Expects Reduced Earnings for Lundin Mining

Lundin Mining Co. (TSE:LUN) – Equities researchers at Raymond James reduced their Q4 2024 earnings estimates for shares of Lundin Mining in a research report issued on Monday, December 9th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.21 per share for the quarter, down from their previous estimate of $0.29. Raymond James also issued estimates for Lundin Mining’s Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.09 EPS and Q4 2025 earnings at $0.09 EPS.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The company had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Other analysts have also recently issued reports about the stock. Ventum Financial boosted their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. JPMorgan Chase & Co. raised shares of Lundin Mining from a “neutral” rating to an “overweight” rating and cut their target price for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. UBS Group raised their price target on Lundin Mining from C$16.00 to C$17.00 in a research report on Monday. Scotiabank raised Lundin Mining from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from C$18.00 to C$16.00 in a research report on Monday, August 19th. Finally, Royal Bank of Canada lowered their target price on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Lundin Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.72.

Lundin Mining Stock Down 2.3 %

LUN opened at C$13.01 on Wednesday. Lundin Mining has a twelve month low of C$9.67 and a twelve month high of C$17.97. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The business has a 50 day moving average price of C$14.00 and a 200 day moving average price of C$14.13. The firm has a market cap of C$10.11 billion, a P/E ratio of 46.46, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Lundin Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s dividend payout ratio is 128.57%.

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.