Raymond James Weighs in on Lundin Mining Co.’s Q3 2022 Earnings (TSE:LUN)

Lundin Mining Co. (TSE:LUNGet Rating) – Research analysts at Raymond James reduced their Q3 2022 EPS estimates for Lundin Mining in a report issued on Tuesday, April 19th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.40 per share for the quarter, down from their prior estimate of $0.43. Raymond James currently has a “Market Perform” rating and a $16.00 target price on the stock. Raymond James also issued estimates for Lundin Mining’s Q4 2022 earnings at $0.39 EPS.

Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Lundin Mining from C$15.00 to C$14.70 in a research report on Thursday. National Bankshares lifted their price objective on shares of Lundin Mining from C$12.25 to C$14.00 in a research report on Friday, April 8th. Eight Capital lifted their target price on shares of Lundin Mining from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Thursday. CIBC lifted their target price on shares of Lundin Mining from C$11.00 to C$13.00 and gave the company a “neutral” rating in a research note on Friday, February 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lundin Mining from C$11.00 to C$12.00 in a research note on Thursday, March 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$13.32.

Lundin Mining stock opened at C$12.99 on Friday. Lundin Mining has a 1 year low of C$8.56 and a 1 year high of C$15.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.60 and a current ratio of 1.94. The firm has a market cap of C$9.59 billion and a price-to-earnings ratio of 9.71. The firm’s 50 day moving average price is C$12.57 and its two-hundred day moving average price is C$11.17.

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

In other news, Senior Officer Jinhee Magie sold 30,000 shares of the business’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of C$11.66, for a total transaction of C$349,671.00. Following the transaction, the insider now owns 271,263 shares in the company, valued at approximately C$3,161,760.15.

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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