Lundin Mining Co. (TSE:LUN – Free Report) – Stock analysts at Raymond James cut their FY2024 EPS estimates for Lundin Mining in a research note issued to investors on Wednesday, October 23rd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.86 per share for the year, down from their prior forecast of $0.88. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.32 EPS.
Lundin Mining (TSE:LUN – Get Free Report) last issued its earnings results on Tuesday, July 30th. The mining company reported C$0.22 EPS for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.03). The firm had revenue of C$1.48 billion for the quarter, compared to analysts’ expectations of C$1.51 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.
Check Out Our Latest Analysis on Lundin Mining
Lundin Mining Price Performance
Lundin Mining stock opened at C$14.17 on Friday. Lundin Mining has a 1 year low of C$8.18 and a 1 year high of C$17.97. The company’s 50 day simple moving average is C$13.53 and its 200-day simple moving average is C$14.63. The company has a market capitalization of C$11.01 billion, a price-to-earnings ratio of 50.61, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49.
Insiders Place Their Bets
In other news, Director Jack Oliver Lundin acquired 65,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average price of C$12.55 per share, for a total transaction of C$815,854.00. 15.70% of the stock is owned by insiders.
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.
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