Lundin Mining Q4 EPS Forecast Decreased by Raymond James

Lundin Mining Co. (TSE:LUN) – Raymond James decreased their Q4 2024 earnings per share estimates for Lundin Mining in a report released on Wednesday, January 15th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.21. Raymond James currently has a “Market Perform” rating and a $14.00 price target on the stock.

LUN has been the topic of several other reports. UBS Group lowered their target price on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Scotiabank lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Ventum Financial upped their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Finally, Jefferies Financial Group cut their target price on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.31.

Lundin Mining Stock Down 1.4 %

Shares of TSE LUN opened at C$12.26 on Friday. The stock has a market cap of C$9.52 billion, a PE ratio of 43.79, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. Lundin Mining has a 12-month low of C$9.85 and a 12-month high of C$17.97. The company has a 50-day moving average of C$13.05 and a 200 day moving average of C$13.58.

Lundin Mining (TSE:LUN) last released 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 business had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Lundin Mining Announces Dividend

The business also recently disclosed 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Friday, November 29th. Lundin Mining’s dividend payout ratio is currently 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.