Lundin Mining Co. Forecasted to Post Q3 2024 Earnings of $0.40 Per Share (TSE:LUN)

Lundin Mining Co. (TSE:LUN) – Cormark lifted their Q3 2024 earnings per share estimates for Lundin Mining in a report released on Monday, May 6th. Cormark analyst S. Ioannou now expects that the mining company will post earnings of $0.40 per share for the quarter, up from their previous estimate of $0.30. The consensus estimate for Lundin Mining’s current full-year earnings is $0.84 per share. Cormark also issued estimates for Lundin Mining’s FY2026 earnings at $1.48 EPS.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The business had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.27 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%.

Several other equities analysts also recently commented on LUN. Bank of America boosted their price target on shares of Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. UBS Group raised their target price on shares of Lundin Mining from C$12.50 to C$18.25 in a report on Tuesday, April 9th. Raymond James lifted their price target on shares of Lundin Mining from C$13.00 to C$15.00 in a research note on Wednesday, April 24th. Stifel Nicolaus set a C$14.50 price objective on shares of Lundin Mining and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, Morgan Stanley boosted their target price on shares of Lundin Mining from C$16.30 to C$16.40 in a research note on Tuesday, April 23rd. 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$15.23.

Lundin Mining Stock Up 2.2 %

Lundin Mining stock opened at C$16.19 on Wednesday. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48. The firm has a 50 day moving average price of C$14.10 and a 200 day moving average price of C$11.53. Lundin Mining has a fifty-two week low of C$8.18 and a fifty-two week high of C$16.51. The company has a market capitalization of C$12.55 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85.

Insider Buying and Selling

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

Lundin Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be issued a $0.09 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.36 dividend on an annualized basis and a yield of 2.22%. Lundin Mining’s payout ratio is 85.71%.

Lundin Mining Company Profile

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.