FY2024 EPS Estimates for Lundin Mining Cut by Scotiabank

Lundin Mining Co. (TSE:LUNFree Report) – Equities researchers at Scotiabank lowered their FY2024 EPS estimates for Lundin Mining in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will earn $0.73 per share for the year, down from their prior estimate of $0.97.

Other analysts also recently issued reports about the stock. Ventum Financial boosted their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. UBS Group decreased their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday. Jefferies Financial Group reduced their price target on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday. Finally, Raymond James lowered their price objective on Lundin Mining from C$16.00 to C$15.00 in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$17.38.

Get Our Latest Research Report on LUN

Lundin Mining Trading Up 2.6 %

TSE:LUN opened at C$12.94 on Friday. The company has a market capitalization of C$10.05 billion, a P/E ratio of 46.21, a P/E/G ratio of -0.26 and a beta of 1.66. The stock’s 50 day moving average price is C$13.24 and its 200 day moving average price is C$13.69. 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 has a 52 week low of C$9.85 and a 52 week high of C$17.97.

Lundin Mining (TSE:LUNGet Free Report) last issued its earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The firm had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Lundin Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s payout ratio is 128.57%.

About Lundin Mining

(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.

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

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