FY2024 EPS Estimates for Lundin Mining Decreased by Analyst

Lundin Mining Co. (OTCMKTS:LUNMF) – Investment analysts at Raymond James lowered their FY2024 earnings estimates for shares of Lundin Mining in a research report issued on Wednesday, October 23rd. Raymond James analyst F. Hamed now anticipates that the basic materials company will post earnings per share of $0.62 for the year, down from their previous estimate of $0.65. The consensus estimate for Lundin Mining’s current full-year earnings is $0.60 per share. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.23 EPS.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). Lundin Mining had a net margin of 4.21% and a return on equity of 5.19%. The business had revenue of $1.08 billion during the quarter.

Separately, Scotiabank upgraded shares of Lundin Mining to a “hold” rating in a report on Monday, July 15th.

Lundin Mining Stock Up 0.3 %

LUNMF opened at $10.21 on Friday. The stock’s fifty day simple moving average is $9.97 and its 200 day simple moving average is $10.67. Lundin Mining has a 1-year low of $5.91 and a 1-year high of $13.26. The stock has a market cap of $7.93 billion, a PE ratio of 44.39, a price-to-earnings-growth ratio of 0.35 and a beta of 1.49. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22.

Lundin Mining Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, September 2nd were issued a dividend of $0.065 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 30th. Lundin Mining’s dividend payout ratio is currently 113.05%.

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.