Lundin Mining FY2024 EPS Forecast Decreased by Raymond James

Lundin Mining Co. (OTCMKTS:LUNMF) – Equities researchers at Raymond James reduced their FY2024 earnings per share estimates for shares of Lundin Mining in a research note issued on Wednesday, October 23rd. Raymond James analyst F. Hamed now forecasts that the basic materials company will post earnings of $0.62 per share for the year, down from their previous forecast of $0.65. The consensus estimate for Lundin Mining’s current full-year earnings is $0.60 per share. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.23 EPS.

Separately, Scotiabank upgraded shares of Lundin Mining to a “hold” rating in a research note on Monday, July 15th.

Lundin Mining Price Performance

Shares of OTCMKTS:LUNMF opened at $10.21 on Friday. The stock has a market capitalization of $7.93 billion, a P/E ratio of 44.39, a P/E/G ratio of 0.35 and a beta of 1.49. The business has a 50-day moving average of $9.97 and a two-hundred day moving average of $10.68. Lundin Mining has a fifty-two week low of $5.91 and a fifty-two week high of $13.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.04.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Tuesday, July 30th. The basic materials company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $1.08 billion during the quarter. Lundin Mining had a net margin of 4.21% and a return on equity of 5.19%.

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, September 2nd were issued a dividend of $0.065 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 30th. Lundin Mining’s payout ratio is 113.05%.

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.