Lundin Mining (LUN) Set to Announce Earnings on Thursday

Lundin Mining (TSE:LUN) is set to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of C$0.15 per share for the quarter.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%.

Lundin Mining Trading Up 0.5 %

TSE:LUN opened at C$15.32 on Thursday. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$16.51. The firm has a 50-day moving average price of C$13.27 and a two-hundred day moving average price of C$11.11. The firm has a market cap of C$11.88 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48.

Lundin Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s payout ratio is 85.71%.

Insiders Place Their Bets

In related 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 transaction of C$69,160.00. 15.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LUN has been the subject of a number of recent analyst reports. National Bankshares reduced their price objective on Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research note on Monday, January 15th. Eight Capital downgraded shares of Lundin Mining from a “buy” rating to a “neutral” rating and raised their price objective for the stock from C$13.00 to C$16.00 in a report on Monday. UBS Group lifted their price objective on shares of Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Raymond James increased their target price on shares of Lundin Mining from C$13.00 to C$15.00 in a research report on Wednesday. Finally, Bank of America lifted their price target on shares of Lundin Mining from C$12.50 to C$18.50 in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$14.93.

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.