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

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Raymond James upped their Q3 2024 earnings per share (EPS) estimates for Lundin Mining in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.30 for the quarter, up from their previous estimate 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.

A number of other equities research analysts also recently commented on LUN. National Bankshares decreased their target price on Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating for the company in a report on Monday, January 15th. Canaccord Genuity Group lifted their target price on Lundin Mining from C$11.00 to C$16.50 in a report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their target price on Lundin Mining from C$9.10 to C$15.50 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. UBS Group lifted their price target on Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus set a C$14.50 price target on Lundin Mining and gave the company a “buy” rating in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$14.81.

Lundin Mining Trading Down 3.4 %

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

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

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 given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Thursday, March 21st. Lundin Mining’s dividend payout ratio (DPR) is presently 85.71%.

Insider Activity

In other news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction that occurred on Wednesday, March 20th. The stock was 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.

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.