Ventum Cap Mkts Weighs in on Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Analysts at Ventum Cap Mkts issued their Q4 2024 earnings estimates for Lundin Mining in a report released on Thursday, November 21st. Ventum Cap Mkts analyst C. Mackay expects that the mining company will earn $0.31 per share for the quarter. Ventum Cap Mkts also issued estimates for Lundin Mining’s Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.17 EPS and Q3 2025 earnings at $0.17 EPS.

Lundin Mining (TSE:LUN) last released its quarterly earnings data 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 company had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

LUN has been the topic of a number of other research reports. Royal Bank of Canada lowered their target price on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Scotiabank raised Lundin Mining from a “sector perform” rating to an “outperform” rating and lowered their price target for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. Haywood Securities raised shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price objective on the stock in a research report on Tuesday, August 6th. CIBC boosted their target price on shares of Lundin Mining from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upgraded shares of Lundin Mining from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lundin Mining currently has an average rating of “Moderate Buy” and an average price target of C$17.98.

Lundin Mining Trading Down 4.3 %

Lundin Mining stock opened at C$13.68 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. Lundin Mining has a 12 month low of C$8.84 and a 12 month high of C$17.97. The company’s fifty day simple moving average is C$13.93 and its 200-day simple moving average is C$14.37. The stock has a market cap of C$10.63 billion, a P/E ratio of 51.04, a P/E/G ratio of -0.26 and a beta of 1.66.

Insider Transactions at Lundin Mining

In related news, Director Jack Oliver Lundin bought 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of C$12.55 per share, for a total transaction of C$815,854.00. 15.70% of the stock is currently owned by corporate insiders.

Lundin Mining Announces Dividend

The firm 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 $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, November 29th. Lundin Mining’s dividend payout ratio is currently 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.