Brokers Set Expectations for Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Analysts at National Bank Financial lifted their Q4 2024 earnings per share estimates for Lundin Mining in a report released on Thursday, November 7th. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings per share of $0.29 for the quarter, up from their prior estimate of $0.22. National Bank Financial also issued estimates for Lundin Mining’s Q1 2025 earnings at $0.14 EPS.

A number of other research analysts have also recently commented on LUN. Haywood Securities upgraded Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price target on the stock in a research report on Tuesday, August 6th. Canaccord Genuity Group decreased their target price on Lundin Mining from C$17.50 to C$16.50 in a research report on Monday, July 22nd. Royal Bank of Canada decreased 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 report on Tuesday, September 10th. JPMorgan Chase & Co. upgraded Lundin Mining from a “neutral” rating to an “overweight” rating and decreased their target price for the company from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Finally, CIBC lifted their target price on Lundin Mining from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$17.98.

Lundin Mining Stock Down 1.9 %

Shares of TSE LUN opened at C$13.45 on Monday. 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$8.32 and a 52 week high of C$17.97. The stock has a market capitalization of C$10.45 billion, a P/E ratio of 47.86, a PEG ratio of -0.26 and a beta of 1.66. The stock’s fifty day moving average is C$13.61 and its 200 day moving average is C$14.50.

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

Insider Buying and Selling

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

Lundin Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend 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.