Brokers Set Expectations for Lundin Mining FY2024 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF) – Stock analysts at Raymond James reduced their FY2024 earnings per share estimates for Lundin Mining in a research report issued on Thursday, February 6th. Raymond James analyst F. Hamed now anticipates that the basic materials company will post earnings per share of $0.42 for the year, down from their previous estimate of $0.45. The consensus estimate for Lundin Mining’s current full-year earnings is $0.53 per share. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.11 EPS and Q3 2025 earnings at $0.08 EPS.

Lundin Mining Trading Down 0.0 %

LUNMF opened at $8.56 on Monday. Lundin Mining has a one year low of $7.51 and a one year high of $13.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 0.36 and a beta of 1.46. The stock’s 50 day moving average price is $8.69 and its 200-day moving average price is $9.46.

Lundin Mining Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.0647 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 2.56%. Lundin Mining’s dividend payout ratio is currently 75.00%.

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.