FY2023 EPS Estimates for Lundin Mining Co. (TSE:LUN) Reduced by Raymond James

Lundin Mining Co. (TSE:LUN – Get Rating) – Equities research analysts at Raymond James cut their FY2023 EPS estimates for shares of Lundin Mining in a research note issued to investors on Monday, January 16th. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.60 per share for the year, down from their prior estimate of $0.81. Raymond James currently has a “Market Perform” rating and a $10.00 target price on the stock. The consensus estimate for Lundin Mining’s current full-year earnings is $0.74 per share.

Lundin Mining (TSE:LUN – Get Rating) last issued its earnings results on Tuesday, October 25th. The mining company reported C$0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.05. The company had revenue of C$846.18 million during the quarter, compared to analyst estimates of C$924.47 million.

A number of other equities research analysts have also issued reports on LUN. UBS Group upped their target price on shares of Lundin Mining from C$7.00 to C$8.50 in a research note on Tuesday, December 13th. Scotiabank lowered their price objective on shares of Lundin Mining from C$10.00 to C$9.00 in a research report on Monday. CSFB lowered their price objective on shares of Lundin Mining from C$8.50 to C$8.25 in a research report on Thursday. BMO Capital Markets lowered their price objective on shares of Lundin Mining from C$9.00 to C$8.00 in a research report on Friday, January 13th. Finally, Haywood Securities boosted their price objective on shares of Lundin Mining from C$8.00 to C$10.50 in a research report on Thursday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$12.54.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at C$9.37 on Thursday. The firm has a market cap of C$7.22 billion and a PE ratio of 10.18. The firm’s 50-day simple moving average is C$8.53 and its 200-day simple moving average is C$7.62. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.35. Lundin Mining has a 1 year low of C$6.24 and a 1 year high of C$14.00.

Lundin Mining Company Profile

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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.