Q3 2024 EPS Estimates for Lundin Mining Co. Increased by Raymond James (TSE:LUN)

Lundin Mining Co. (TSE:LUN) – Analysts at Raymond James upped their Q3 2024 EPS estimates for Lundin Mining in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.30 for the quarter, up from their prior forecast of $0.25. Raymond James has a “Market Perform” rating and a $13.00 price objective on the stock. The consensus estimate for Lundin Mining’s current full-year earnings is $0.84 per share.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. The business had revenue of C$1.44 billion for the quarter, compared to the consensus estimate of C$1.39 billion.

LUN has been the topic of several other research reports. UBS Group raised their target price on shares of Lundin Mining from C$12.50 to C$18.25 in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft cut shares of Lundin Mining from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. raised their target price on shares of Lundin Mining from C$9.10 to C$15.50 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Stifel Nicolaus set a C$14.50 price target on Lundin Mining and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Finally, Eight Capital lowered Lundin Mining from a “buy” rating to a “neutral” rating and raised their price target for the stock from C$13.00 to C$16.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Lundin Mining presently has a consensus rating of “Hold” and a consensus target price of C$14.81.

Lundin Mining Stock Down 3.4 %

Shares of Lundin Mining stock opened at C$15.25 on Wednesday. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$16.51. The stock has a market capitalization of C$11.82 billion, a price-to-earnings ratio of 36.31, a P/E/G ratio of -0.26 and a beta of 1.85. The company’s 50 day moving average price is C$13.18 and its 200-day moving average price is C$11.08.

Lundin Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio is presently 85.71%.

Insider Transactions at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total value of C$69,160.00. 15.70% of the stock is owned by insiders.

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.