Stifel Canada Weighs in on Lundin Mining FY2024 Earnings

Lundin Mining Co. (TSE:LUN) – Research analysts at Stifel Canada boosted their FY2024 earnings per share estimates for shares of Lundin Mining in a research note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now anticipates that the mining company will earn $0.75 per share for the year, up from their previous estimate of $0.71. Stifel Canada also issued estimates for Lundin Mining’s FY2025 earnings at $0.91 EPS and FY2026 earnings at $0.60 EPS.

Lundin Mining (TSE:LUN) last issued its 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). The company had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

Several other research analysts have also commented on the stock. Ventum Financial increased their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Raymond James reduced their target price on Lundin Mining from C$16.00 to C$15.00 in a report on Tuesday, December 10th. Royal Bank of Canada lowered their price target 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. Finally, UBS Group boosted their price objective on shares of Lundin Mining from C$16.00 to C$17.00 in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$17.72.

Lundin Mining Trading Down 3.2 %

TSE:LUN opened at C$11.90 on Wednesday. The company has a market capitalization of C$9.24 billion, a P/E ratio of 42.50, a P/E/G ratio of -0.26 and a beta of 1.66. The stock’s 50 day moving average price is C$13.87 and its 200 day moving average price is C$14.03. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. Lundin Mining has a 52 week low of C$9.85 and a 52 week high of C$17.97.

Lundin Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were given a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 3.03%. Lundin Mining’s dividend payout ratio (DPR) is currently 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.