Stifel Canada Forecasts Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Stifel Canada issued their Q4 2024 EPS estimates for Lundin Mining in a research report issued to clients and investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill forecasts that the mining company will post earnings of $0.22 per share for the quarter. Stifel Canada also issued estimates for Lundin Mining’s FY2026 earnings at $0.55 EPS.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The business had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

A number of other brokerages also recently weighed in on LUN. Raymond James cut their price target on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a report on Thursday, January 16th. Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Ventum Financial boosted their target price on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Jefferies Financial Group reduced their price target on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Finally, UBS Group dropped their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$17.31.

Lundin Mining Price Performance

Shares of TSE LUN opened at C$12.22 on Friday. Lundin Mining has a fifty-two week low of C$10.56 and a fifty-two week high of C$17.97. The business has a fifty day moving average price of C$13.00 and a two-hundred day moving average price of C$13.53. 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 stock has a market capitalization of C$9.49 billion, a PE ratio of 43.64, a P/E/G ratio of -0.26 and a beta of 1.66.

Lundin Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.95%. 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.