Stifel Canada Estimates Lundin Mining Q3 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF) – Research analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for Lundin Mining in a research report issued to clients and investors on Tuesday, October 15th. Stifel Canada analyst C. Mcgill anticipates that the basic materials company will post earnings per share of $0.13 for the quarter. The consensus estimate for Lundin Mining’s current full-year earnings is $0.62 per share.

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

Lundin Mining Price Performance

LUNMF stock opened at $10.45 on Friday. The company has a market capitalization of $8.12 billion, a PE ratio of 69.67, a price-to-earnings-growth ratio of 0.34 and a beta of 1.49. The company’s fifty day moving average price is $9.84 and its 200-day moving average price is $10.71. Lundin Mining has a one year low of $5.91 and a one year high of $13.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.57.

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

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, September 2nd were paid 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 payout ratio 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.