Q4 EPS Estimates for Lundin Mining Lowered by Raymond James

Lundin Mining Co. (TSE:LUN) – Stock analysts at Raymond James decreased their Q4 2024 earnings per share (EPS) estimates for shares of Lundin Mining in a research note issued on Monday, December 9th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.21 for the quarter, down from their prior forecast of $0.29. Raymond James also issued estimates for Lundin Mining’s Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.09 EPS and Q4 2025 earnings at $0.09 EPS.

A number of other equities research analysts have also commented on the company. Ventum Financial increased their price target on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. UBS Group raised their price target on shares of Lundin Mining from C$16.00 to C$17.00 in a research report on Monday. JPMorgan Chase & Co. upgraded Lundin Mining from a “neutral” rating to an “overweight” rating and cut their target price for the stock from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Royal Bank of Canada dropped their price target on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Finally, Scotiabank raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from C$18.00 to C$16.00 in a report on Monday, August 19th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.72.

Lundin Mining Stock Performance

Shares of LUN opened at C$13.32 on Wednesday. The firm has a market capitalization of C$10.35 billion, a P/E ratio of 47.57, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52 week low of C$9.67 and a 52 week high of C$17.97. The stock has a 50 day moving average price of C$14.03 and a two-hundred day moving average price of C$14.17. 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 issued its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The business 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 declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, November 29th. Lundin Mining’s dividend payout ratio is presently 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.