Lundin Mining Co. (TSE:LUN – Free Report) – 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 – Get Free Report) 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%.
View Our Latest Stock Analysis on LUN
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.
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