Raymond James Comments on Lundin Mining Co.’s FY2024 Earnings (TSE:LUN)

Lundin Mining Co. (TSE:LUN – Get Rating) – Equities researchers at Raymond James issued their FY2024 earnings per share estimates for shares of Lundin Mining in a report released on Thursday, May 18th. Raymond James analyst F. Hamed expects that the mining company will earn $1.26 per share for the year. Raymond James currently has a “Market Perform” rating and a $11.00 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 posted its quarterly earnings data on Wednesday, February 22nd. The mining company reported C$0.34 EPS for the quarter, beating the consensus estimate of C$0.12 by C$0.22. The firm had revenue of C$1.10 billion during the quarter.

LUN has been the subject of several other reports. Barclays increased their price objective on Lundin Mining from C$9.00 to C$10.00 in a research note on Monday, April 3rd. Haywood Securities upped their target price on Lundin Mining from C$10.50 to C$11.50 in a report on Thursday, February 2nd. CSFB dropped their target price on Lundin Mining from C$10.25 to C$10.00 in a report on Friday, March 3rd. UBS Group upped their target price on Lundin Mining from C$9.00 to C$10.00 in a report on Tuesday, April 18th. Finally, Morgan Stanley upped their target price on Lundin Mining from C$9.50 to C$10.00 in a report on Wednesday, April 5th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Lundin Mining currently has an average rating of “Hold” and an average price target of C$13.76.

Lundin Mining Stock Up 1.4 %

TSE LUN opened at C$10.63 on Monday. The business has a fifty day moving average price of C$9.60 and a 200 day moving average price of C$9.01. Lundin Mining has a one year low of C$6.24 and a one year high of C$11.49. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.90 and a current ratio of 1.28. The company has a market cap of C$8.21 billion, a P/E ratio of 29.53, a P/E/G ratio of -0.26 and a beta of 1.70.

Lundin Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Friday, June 2nd will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, June 1st. Lundin Mining’s dividend payout ratio is currently 100.00%.

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.