FY2025 EPS Estimates for Lundin Mining Raised by Analyst

Lundin Mining Corp. (OTCMKTS:LUNMF) – Equities researchers at Desjardins upped their FY2025 EPS estimates for shares of Lundin Mining in a research note issued on Wednesday, June 18th. Desjardins analyst B. Adams now forecasts that the basic materials company will post earnings of $0.48 per share for the year, up from their previous forecast of $0.46. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for Lundin Mining’s current full-year earnings is $0.53 per share.

A number of other equities analysts also recently issued reports on LUNMF. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Monday, May 5th. Canaccord Genuity Group raised Lundin Mining from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 16th. BMO Capital Markets raised Lundin Mining from an “outperform” rating to a “strong-buy” rating in a report on Friday, June 6th. Stifel Canada raised shares of Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Dnb Nor Markets upgraded shares of Lundin Mining to a “hold” rating in a research note on Tuesday, June 17th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Lundin Mining Stock Up 0.4%

Shares of OTCMKTS LUNMF opened at $10.05 on Monday. The business has a 50-day moving average of $9.21 and a two-hundred day moving average of $8.69. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of -77.31, a price-to-earnings-growth ratio of 0.87 and a beta of 1.34. Lundin Mining has a 1 year low of $6.30 and a 1 year high of $11.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.88 and a quick ratio of 1.53.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Lundin Mining had a negative net margin of 2.34% and a positive return on equity of 6.24%. The firm had revenue of $963.90 million during the quarter, compared to the consensus estimate of $914.31 million.

Lundin Mining Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, June 6th will be issued a $0.0198 dividend. This represents a dividend yield of 0.84%. The ex-dividend date is Thursday, June 5th. Lundin Mining’s payout ratio is currently -61.54%.

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, 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.