Lundin Mining FY2024 EPS Estimate Decreased by Raymond James

Lundin Mining Co. (TSE:LUNFree Report) – Raymond James dropped their FY2024 earnings estimates for Lundin Mining in a report released on Wednesday, October 23rd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.86 for the year, down from their prior estimate of $0.88. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.32 EPS.

Lundin Mining (TSE:LUNGet Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.03). The company had revenue of C$1.48 billion during the quarter, compared to analysts’ expectations of C$1.51 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Several other research analysts have also recently issued reports on the stock. Eight Capital raised their target price on shares of Lundin Mining from C$16.00 to C$17.50 in a report on Thursday, July 11th. Canaccord Genuity Group reduced their target price on shares of Lundin Mining from C$17.50 to C$16.50 in a report on Monday, July 22nd. Scotiabank raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$18.00 to C$16.00 in a report on Monday, August 19th. JPMorgan Chase & Co. raised shares of Lundin Mining from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from C$18.20 to C$17.30 in a report on Tuesday, August 20th. Finally, Ventum Financial raised their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Lundin Mining has a consensus rating of “Hold” and a consensus target price of C$17.54.

Read Our Latest Stock Report on LUN

Lundin Mining Trading Up 0.4 %

TSE LUN opened at C$14.17 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. The company has a fifty day simple moving average of C$13.53 and a two-hundred day simple moving average of C$14.63. Lundin Mining has a 12-month low of C$8.18 and a 12-month high of C$17.97. The stock has a market cap of C$11.01 billion, a P/E ratio of 50.61, a P/E/G ratio of -0.26 and a beta of 1.66.

Insider Activity

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

Lundin Mining Company Profile

(Get Free Report)

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.

Read More

Earnings History and Estimates for Lundin Mining (TSE:LUN)

Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.