Brokers Offer Predictions for Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Research analysts at Raymond James decreased their Q4 2024 EPS estimates for shares of Lundin Mining in a research note issued on Wednesday, January 15th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $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 target price on the stock.

Several other equities analysts have also recently commented on LUN. Ventum Financial raised their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Jefferies Financial Group decreased their target price on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Finally, UBS Group lowered their target price on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$17.31.

Lundin Mining Trading Down 0.2 %

TSE LUN opened at C$12.44 on Friday. Lundin Mining has a one year low of C$9.85 and a one year high of C$17.97. The firm has a 50 day simple moving average of C$13.08 and a 200-day simple moving average of C$13.60. The firm has a market cap of C$9.66 billion, a price-to-earnings ratio of 44.43, a PEG ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49.

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

Lundin Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s dividend payout ratio (DPR) is 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.