Stifel Canada Upgrades Lundin Mining (OTCMKTS:LUNMF) to “Strong-Buy”

Stifel Canada upgraded shares of Lundin Mining (OTCMKTS:LUNMF) to a strong-buy rating in a report published on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Lundin Mining’s FY2025 earnings at $0.34 EPS, FY2026 earnings at $0.31 EPS and FY2027 earnings at $0.20 EPS.

Separately, The Goldman Sachs Group raised shares of Lundin Mining from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

Lundin Mining Price Performance

LUNMF stock opened at $8.72 on Wednesday. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 0.36 and a beta of 1.52. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28. Lundin Mining has a 12-month low of $7.51 and a 12-month high of $13.26. The company’s fifty day simple moving average is $8.50 and its 200 day simple moving average is $9.22.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.10). Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The company had revenue of $858.90 million for the quarter, compared to analyst estimates of $1.06 billion. On average, analysts expect that Lundin Mining will post 0.53 earnings per share for the current year.

Lundin Mining Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 24th will be given a dividend of $0.0634 per share. The ex-dividend date is Friday, March 21st. This represents a dividend yield of 2.79%. Lundin Mining’s payout ratio is -92.31%.

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.