Raymond James Reduces Earnings Estimates for Lundin Mining

Lundin Mining Co. (TSE:LUN) – Research analysts at Raymond James lowered their Q4 2024 EPS estimates for shares of Lundin Mining in a report released on Wednesday, January 15th. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $0.20 for the quarter, down from their prior forecast of $0.21. Raymond James currently has a “Market Perform” rating and a $14.00 price target on the stock.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.49 billion.

Several other research firms also recently weighed in on LUN. Ventum Financial increased their price objective on Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Scotiabank downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group lowered their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Finally, UBS Group reduced their target price on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy” and an average target price of C$17.31.

Lundin Mining Stock Down 1.4 %

Shares of TSE LUN opened at C$12.26 on Friday. The business has a 50-day moving average price of C$13.05 and a 200 day moving average price of C$13.58. The stock has a market cap of C$9.52 billion, a PE ratio of 43.79, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. 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 52-week low of C$9.85 and a 52-week high of C$17.97.

Lundin Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.94%. The ex-dividend date was Friday, November 29th. Lundin Mining’s payout ratio is 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.