Stifel Canada Forecasts Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Stifel Canada issued their Q4 2024 EPS estimates for shares of Lundin Mining in a note issued to investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill forecasts that the mining company will post earnings of $0.22 per share for the quarter. Stifel Canada also issued estimates for Lundin Mining’s FY2026 earnings at $0.55 EPS.

Several other analysts have also recently weighed in on LUN. Scotiabank cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. UBS Group decreased their price target on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Jefferies Financial Group reduced their target price on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Ventum Financial raised their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Finally, Raymond James reduced 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 research note on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Lundin Mining presently has an average rating of “Moderate Buy” and a consensus price target of C$17.31.

Lundin Mining Stock Up 1.6 %

Shares of TSE LUN opened at C$12.42 on Friday. The company has a 50 day simple moving average of C$12.95 and a 200 day simple moving average of C$13.46. The firm has a market cap of C$9.65 billion, a PE ratio of 44.36, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a 1 year low of C$10.56 and a 1 year high of C$17.97. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90.

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

Lundin Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Friday, November 29th. Lundin Mining’s dividend payout ratio is currently 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.