Raymond James Lowers Earnings Estimates for Lundin Mining

Lundin Mining Co. (TSE:LUN) – Stock analysts at Raymond James reduced their Q4 2024 EPS estimates for Lundin Mining in a research note issued on Monday, December 9th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.21 for the quarter, down from their previous forecast of $0.29. Raymond James also issued estimates for Lundin Mining’s Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.09 EPS and Q4 2025 earnings at $0.09 EPS.

Lundin Mining (TSE:LUN) last posted its earnings results 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 company had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada cut their price target on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Ventum Financial boosted their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. UBS Group increased their price objective on shares of Lundin Mining from C$16.00 to C$17.00 in a research report on Monday. Scotiabank upgraded shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$18.00 to C$16.00 in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. raised shares of Lundin Mining from a “neutral” rating to an “overweight” rating and lowered their price target for the company from C$18.20 to C$17.30 in a report on Tuesday, August 20th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and a consensus target price of C$17.72.

Lundin Mining Trading Down 1.1 %

Shares of Lundin Mining stock opened at C$12.87 on Wednesday. Lundin Mining has a twelve month low of C$9.67 and a twelve month high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The business has a 50-day moving average price of C$13.98 and a 200-day moving average price of C$14.11. The firm has a market cap of C$10.00 billion, a price-to-earnings ratio of 45.96, a PEG ratio of -0.26 and a beta of 1.66.

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 paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 2.80%. 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.