FY2024 EPS Estimates for Lundin Mining Cut by Raymond James

Lundin Mining Co. (TSE:LUN) – Analysts at Raymond James cut their FY2024 earnings estimates for Lundin Mining in a research report issued on Thursday, February 6th. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $0.60 for the year, down from their prior forecast of $0.65. Raymond James currently has a “Market Perform” rating and a $14.00 target price on the stock. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.16 EPS and FY2025 earnings at $0.54 EPS.

Several other analysts have also commented on the company. Stifel Nicolaus decreased their price target on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Jefferies Financial Group lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Scotiabank downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. UBS Group decreased their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Finally, Ventum Financial boosted their target price on Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$17.19.

Lundin Mining Stock Performance

TSE:LUN opened at C$12.21 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The firm has a 50-day moving average price of C$12.50 and a 200 day moving average price of C$13.20. The firm has a market capitalization of C$9.49 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a 12-month low of C$10.56 and a 12-month high of C$17.97.

About Lundin Mining

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.