National Bank Financial Analysts Increase Earnings Estimates for Lundin Mining Co. (TSE:LUN)

Lundin Mining Co. (TSE:LUN) – Stock analysts at National Bank Financial upped their Q2 2024 earnings per share estimates for Lundin Mining in a research note issued on Thursday, May 2nd. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $0.21 per share for the quarter, up from their prior estimate of $0.16. The consensus estimate for Lundin Mining’s current full-year earnings is $0.84 per share. National Bank Financial also issued estimates for Lundin Mining’s Q3 2024 earnings at $0.23 EPS, FY2024 earnings at $0.75 EPS and FY2025 earnings at $0.60 EPS.

Several other research firms also recently weighed in on LUN. CIBC boosted their target price on shares of Lundin Mining from C$12.00 to C$15.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. BMO Capital Markets reduced their target price on Lundin Mining from C$17.00 to C$16.50 in a report on Thursday, May 2nd. UBS Group upped their price target on Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Lundin Mining from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Canaccord Genuity Group raised their price target on shares of Lundin Mining from C$11.00 to C$16.50 in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lundin Mining presently has a consensus rating of “Hold” and a consensus target price of C$15.23.

Lundin Mining Trading Up 4.6 %

LUN opened at C$15.84 on Monday. Lundin Mining has a 12-month low of C$8.18 and a 12-month high of C$16.51. The company has a debt-to-equity ratio of 23.15, a current ratio of 1.48 and a quick ratio of 0.90. The stock has a market capitalization of C$12.28 billion, a PE ratio of 37.71, a P/E/G ratio of -0.26 and a beta of 1.85. The firm’s fifty day moving average price is C$13.99 and its 200 day moving average price is C$11.48.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The business had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.27 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%.

Lundin Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, May 31st. Lundin Mining’s dividend payout ratio is currently 85.71%.

Insider Buying and Selling

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. Corporate insiders own 15.70% of the company’s stock.

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.