Lundin Mining Co. (TSE:LUN – Free 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.
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:LUN – Get 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
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.
Featured Articles
- Five stocks we like better than Lundin Mining
- What is Short Interest? How to Use It
- MercadoLibre: Latin America’s Digital Titan Just Got Cheaper
- What Investors Need to Know to Beat the Market
- Breaking Down Pegasystems, A Wedbush Top AI Pick for 2025
- Retail Stocks Investing, Explained
- Shutterstock and Getty: A $3.7 Billion Visual Content Giant
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.