Q2 2024 EPS Estimates for Lundin Mining Co. Boosted by Analyst (TSE:LUN)

Lundin Mining Co. (TSE:LUN) – Equities researchers at Raymond James boosted their Q2 2024 EPS estimates for shares of Lundin Mining in a research report issued on Monday, April 22nd. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.21 per share for the quarter, up from their prior forecast of $0.12. The consensus estimate for Lundin Mining’s current full-year earnings is $0.84 per share. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.25 EPS and FY2024 earnings at $0.86 EPS.

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

Several other research analysts also recently commented on the stock. Morgan Stanley raised their price objective on shares of Lundin Mining from C$16.30 to C$16.40 in a report on Tuesday. Jefferies Financial Group raised their price objective on shares of Lundin Mining from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Eight Capital cut shares of Lundin Mining from a “buy” rating to a “neutral” rating and increased their target price for the stock from C$13.00 to C$16.00 in a research note on Monday, April 22nd. National Bankshares lowered their target price on shares of Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research note on Monday, January 15th. Finally, CIBC increased their target price on shares of Lundin Mining from C$12.00 to C$15.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Lundin Mining has an average rating of “Hold” and an average target price of C$14.93.

Lundin Mining Stock Up 4.0 %

LUN opened at C$16.23 on Thursday. The company has a 50 day moving average of C$13.45 and a 200 day moving average of C$11.19. The company has a market cap of C$12.58 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$16.51. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15.

Insider Transactions at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. Company insiders own 15.70% of the company’s stock.

Lundin Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were issued a $0.09 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.22%. Lundin Mining’s payout ratio is 85.71%.

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.