Lundin Mining Co. (TSE:LUN) to Post Q1 2022 Earnings of $0.44 Per Share, Raymond James Forecasts

Lundin Mining Co. (TSE:LUNGet Rating) – Raymond James upped their Q1 2022 earnings per share estimates for shares of Lundin Mining in a report issued on Tuesday, April 19th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.44 per share for the quarter, up from their prior forecast of $0.42. Raymond James has a “Market Perform” rating and a $16.00 price objective on the stock. Raymond James also issued estimates for Lundin Mining’s Q2 2022 earnings at $0.39 EPS, FY2022 earnings at $1.64 EPS, Q1 2023 earnings at $0.29 EPS, Q2 2023 earnings at $0.29 EPS, Q3 2023 earnings at $0.29 EPS, Q4 2023 earnings at $0.29 EPS and FY2023 earnings at $1.17 EPS.

LUN has been the subject of several other reports. UBS Group upped their target price on shares of Lundin Mining from C$10.90 to C$11.00 and gave the company a “neutral” rating in a research note on Wednesday, February 2nd. National Bankshares upped their target price on shares of Lundin Mining from C$12.25 to C$14.00 in a research note on Friday, April 8th. Royal Bank of Canada set a C$12.00 price objective on shares of Lundin Mining and gave the company a “sector perform” rating in a research note on Wednesday, January 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lundin Mining from C$11.00 to C$12.00 in a research note on Thursday, March 10th. Finally, Scotiabank raised their price target on shares of Lundin Mining from C$12.00 to C$13.50 in a research report on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$13.02.

Lundin Mining stock opened at C$13.71 on Thursday. Lundin Mining has a 52-week low of C$8.56 and a 52-week high of C$15.94. The firm has a fifty day moving average of C$12.55 and a 200-day moving average of C$11.16. The firm has a market capitalization of C$10.12 billion and a P/E ratio of 10.25. The company has a quick ratio of 1.60, a current ratio of 1.94 and a debt-to-equity ratio of 0.62.

Lundin Mining (TSE:LUNGet Rating) last released its quarterly earnings data on Thursday, February 17th. The mining company reported C$0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.41 by C$0.07. The business had revenue of C$1.28 billion during the quarter.

In other Lundin Mining news, Senior Officer Jinhee Magie sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of C$11.66, for a total transaction of C$583,175.00. Following the transaction, the insider now owns 199,263 shares of the company’s stock, valued at approximately C$2,324,104.

About Lundin Mining (Get Rating)

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

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Earnings History and Estimates for Lundin Mining (TSE:LUN)

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