Beacon Securities Weighs in on Lundin Mining Co.’s FY2019 Earnings (LUN)

Lundin Mining Co. (TSE:LUN) – Stock analysts at Beacon Securities issued their FY2019 EPS estimates for Lundin Mining in a research report issued to clients and investors on Monday, March 18th. Beacon Securities analyst J. Willoughby anticipates that the mining company will earn $0.32 per share for the year. Beacon Securities has a “Buy” rating on the stock. Beacon Securities also issued estimates for Lundin Mining’s FY2020 earnings at $0.64 EPS and FY2021 earnings at $0.87 EPS.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Thursday, February 14th. The mining company reported C$0.05 earnings per share for the quarter. The firm had revenue of C$538.89 million for the quarter, compared to the consensus estimate of C$555.90 million.

Several other brokerages also recently commented on LUN. National Bank Financial raised their target price on Lundin Mining from C$9.00 to C$9.25 and gave the stock an “outperform” rating in a research note on Monday, February 25th. Raymond James cut their target price on Lundin Mining from C$8.50 to C$8.00 in a research note on Friday, January 18th. Goldman Sachs Group reiterated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, February 19th. Eight Capital dropped their price target on Lundin Mining from C$11.50 to C$11.00 in a research report on Thursday, November 29th. Finally, Morgan Stanley set a C$8.70 price target on Lundin Mining and gave the company an “overweight” rating in a research report on Thursday, January 3rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$8.50.

Shares of TSE LUN opened at C$6.41 on Wednesday. Lundin Mining has a 52 week low of C$4.70 and a 52 week high of C$9.09. The company has a quick ratio of 2.42, a current ratio of 2.92 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.66 billion and a price-to-earnings ratio of 23.92.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd will be paid a $0.03 dividend. The ex-dividend date is Thursday, March 21st. This represents a $0.12 dividend on an annualized basis and a yield of 1.87%. Lundin Mining’s dividend payout ratio (DPR) is currently 34.40%.

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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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Earnings History and Estimates for Lundin Mining (TSE:LUN)

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