FY2024 Earnings Forecast for Lundin Mining Co. (TSE:LUN) Issued By National Bank Financial

Lundin Mining Co. (TSE:LUN – Get Rating) – Equities researchers at National Bank Financial lifted their FY2024 EPS estimates for Lundin Mining in a note issued to investors on Thursday, April 28th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings per share of $1.47 for the year, up from their previous forecast of $1.37.

Lundin Mining (TSE:LUN – Get Rating) last announced its earnings results on Thursday, February 17th. The mining company reported C$0.48 earnings per share 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 for the quarter.

A number of other analysts have also recently commented on LUN. Haywood Securities lifted their price target on Lundin Mining from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 22nd. CSFB boosted their price objective on Lundin Mining from C$13.00 to C$14.00 in a report on Thursday, April 21st. Raymond James set a C$16.00 price objective on Lundin Mining and gave the company a “market perform” rating in a report on Thursday. Credit Suisse Group lifted their price target on Lundin Mining to C$14.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Finally, JPMorgan Chase & Co. cut their price target on Lundin Mining from C$15.00 to C$14.70 in a research note on Thursday, April 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Lundin Mining currently has an average rating of “Hold” and a consensus target price of C$13.57.

Shares of LUN stock opened at C$11.73 on Monday. Lundin Mining has a 1-year low of C$8.56 and a 1-year high of C$15.61. The stock’s fifty day moving average price is C$12.57 and its 200 day moving average price is C$11.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.94 and a quick ratio of 1.60. The company has a market cap of C$8.66 billion and a price-to-earnings ratio of 8.64.

In other news, Senior Officer Annie Laurenson acquired 10,000 shares of the company’s stock in a transaction on Thursday, April 28th. The shares were bought at an average price of C$5.50 per share, with a total value of C$55,000.00. Following the completion of the acquisition, the insider now owns 43,333 shares in the company, valued at approximately C$238,331.50. Also, Senior Officer Jinhee Magie sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of C$11.66, for a total value of C$583,175.00. Following the transaction, the insider now directly owns 199,263 shares in the company, 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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