Q3 EPS Estimates for Lundin Mining Reduced by Raymond James

Lundin Mining Co. (OTCMKTS:LUNMF) – Investment analysts at Raymond James reduced their Q3 2024 earnings estimates for shares of Lundin Mining in a research report issued to clients and investors on Wednesday, October 23rd. Raymond James analyst F. Hamed now expects that the basic materials company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.21. The consensus estimate for Lundin Mining’s current full-year earnings is $0.60 per share.

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

Lundin Mining Trading Down 0.2 %

Shares of OTCMKTS:LUNMF opened at $10.19 on Monday. Lundin Mining has a 52 week low of $5.91 and a 52 week high of $13.26. The company’s 50 day moving average is $9.98 and its two-hundred day moving average is $10.65. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.91 billion, a PE ratio of 67.93, a P/E/G ratio of 0.35 and a beta of 1.49.

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

Lundin Mining Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, September 2nd were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a yield of 2.6%. Lundin Mining’s dividend payout ratio (DPR) is currently 173.33%.

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.