Analysts Offer Predictions for Lundin Mining FY2024 Earnings

Lundin Mining Co. (TSE:LUN) – Research analysts at Stifel Canada dropped their FY2024 earnings estimates for shares of Lundin Mining in a research report issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now anticipates that the mining company will post earnings of $0.66 per share for the year, down from their previous estimate of $0.75. Stifel Canada also issued estimates for Lundin Mining’s FY2025 earnings at $0.72 EPS and FY2027 earnings at $0.53 EPS.

Several other research firms have also commented on LUN. Ventum Financial upped their target price on Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. UBS Group reduced their price objective on Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Jefferies Financial Group dropped their target price on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Scotiabank downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, Raymond James dropped their price objective on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a report on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.31.

Lundin Mining Trading Down 2.7 %

TSE LUN opened at C$11.70 on Monday. The firm has a market capitalization of C$9.09 billion, a PE ratio of 41.79, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a one year low of C$10.56 and a one year high of C$17.97. The company has a 50-day simple moving average of C$12.86 and a 200-day simple moving average of C$13.42. 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 results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.12). The firm had revenue of C$1.46 billion during the quarter, compared to the consensus estimate of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

Lundin Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.08%. Lundin Mining’s dividend payout ratio is presently 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.