Lundin Mining Co. (TSE:LUN – Free Report) – Research analysts at Stifel Canada decreased their FY2024 earnings estimates for Lundin Mining in a note issued to investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now forecasts that the mining company will post earnings of $0.66 per share for the year, down from their prior estimate of $0.75. Stifel Canada also issued estimates for Lundin Mining’s FY2025 earnings at $0.72 EPS and FY2027 earnings at $0.53 EPS.
A number of other analysts also recently commented on the company. Raymond James lowered their target price on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. Ventum Financial upped their price objective on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Jefferies Financial Group cut their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Scotiabank downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, UBS Group cut their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$17.31.
Lundin Mining Trading Up 1.6 %
TSE LUN opened at C$12.42 on Monday. Lundin Mining has a 1 year low of C$10.56 and a 1 year high of C$17.97. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The company has a market capitalization of C$9.65 billion, a PE ratio of 44.36, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a fifty day moving average of C$12.95 and a 200 day moving average of C$13.46.
Lundin Mining (TSE:LUN – Get Free Report) last posted 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). The company had revenue of C$1.46 billion during 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 Dividend Announcement
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 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s 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.
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