Stifel Canada Raises Earnings Estimates for Lundin Mining

Lundin Mining Co. (OTCMKTS:LUNMF) – Equities researchers at Stifel Canada lifted their FY2024 EPS estimates for shares of Lundin Mining in a research note issued on Sunday, December 15th. Stifel Canada analyst C. Mcgill now forecasts that the basic materials company will earn $0.53 per share for the year, up from their prior forecast of $0.52. The consensus estimate for Lundin Mining’s current full-year earnings is $0.57 per share. Stifel Canada also issued estimates for Lundin Mining’s FY2026 earnings at $0.42 EPS.

Lundin Mining Stock Performance

LUNMF opened at $8.25 on Wednesday. Lundin Mining has a 1-year low of $7.31 and a 1-year high of $13.26. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 0.41 and a beta of 1.47. The business has a 50 day moving average price of $9.93 and a two-hundred day moving average price of $10.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion.

Lundin Mining Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, December 2nd were paid a dividend of $0.0647 per share. The ex-dividend date was Friday, November 29th. This represents a yield of 2.56%. Lundin Mining’s dividend payout ratio is currently 72.22%.

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.