Q2 2024 Earnings Estimate for Lundin Mining Co. (TSE:LUN) Issued By Raymond James

Lundin Mining Co. (TSE:LUN) – Investment analysts at Raymond James raised their Q2 2024 earnings per share estimates for shares of Lundin Mining in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.21 for the quarter, up from their previous forecast of $0.12. The consensus estimate for Lundin Mining’s current full-year earnings is $0.84 per share. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.25 EPS and FY2024 earnings at $0.86 EPS.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The business had revenue of C$1.44 billion for the quarter, compared to analyst estimates of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%.

LUN has been the topic of several other research reports. UBS Group raised their price objective on Lundin Mining from C$12.50 to C$18.25 in a research note on Tuesday, April 9th. Jefferies Financial Group lifted their price target on Lundin Mining from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Bank of America lifted their price target on Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. Pi Financial reissued a “buy” rating on shares of Lundin Mining in a research note on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Lundin Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$14.93.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at C$15.60 on Thursday. The company has a market capitalization of C$12.09 billion, a PE ratio of 37.14, a PEG ratio of -0.26 and a beta of 1.85. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$16.51. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15. The stock’s fifty day simple moving average is C$13.36 and its 200 day simple moving average is C$11.14.

Insider Buying and Selling

In related news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. 15.70% of the stock is currently owned by corporate insiders.

Lundin Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, March 21st. Lundin Mining’s dividend payout ratio is currently 85.71%.

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.