Brokers Set Expectations for Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Equities researchers at National Bank Financial upped their Q4 2024 earnings per share (EPS) estimates for shares of Lundin Mining in a report released on Thursday, November 7th. National Bank Financial analyst S. Nagle now expects that the mining company will earn $0.29 per share 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.

Other analysts have also recently issued reports about the company. Ventum Financial increased their target price on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Royal Bank of Canada decreased their price target on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. CIBC raised their price target on shares of Lundin Mining from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Canaccord Genuity Group decreased their price target on shares of Lundin Mining from C$17.50 to C$16.50 in a research note on Monday, July 22nd. Finally, Scotiabank raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and decreased their price target for the stock from C$18.00 to C$16.00 in a research note on Monday, August 19th. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.98.

Lundin Mining Price Performance

TSE LUN opened at C$13.45 on Monday. The business has a 50 day simple moving average of C$13.61 and a 200 day simple moving average of C$14.50. Lundin Mining has a 52-week low of C$8.32 and a 52-week high of C$17.97. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a market cap of C$10.45 billion, a price-to-earnings ratio of 47.86, a PEG ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN) last posted its earnings results 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 return on equity of 5.04% and a net margin of 4.21%. The business had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.49 billion.

Lundin Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.68%. The ex-dividend date is Friday, November 29th. Lundin Mining’s dividend payout ratio is 128.57%.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin purchased 65,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of C$12.55 per share, with a total value of C$815,854.00. 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.