FY2025 EPS Estimates for Lundin Mining Lowered by Analyst

Lundin Mining Co. (TSE:LUN) – Stifel Canada reduced their FY2025 EPS estimates for shares of Lundin Mining in a research note issued on Tuesday, October 15th. Stifel Canada analyst C. Mcgill now expects that the mining company will earn $0.88 per share for the year, down from their prior estimate of $0.89.

Several other equities research analysts also recently commented on the stock. Canaccord Genuity Group reduced their price target on shares of Lundin Mining from C$17.50 to C$16.50 in a research report on Monday, July 22nd. National Bankshares reduced their target price on Lundin Mining from C$19.50 to C$18.50 and set an “outperform” rating for the company in a report on Monday, July 15th. Haywood Securities upgraded Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price target on the stock in a report on Tuesday, August 6th. Scotiabank raised Lundin Mining from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from C$18.00 to C$16.00 in a research note on Monday, August 19th. Finally, Eight Capital raised their price objective on Lundin Mining from C$16.00 to C$17.50 in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Lundin Mining presently has an average rating of “Hold” and a consensus target price of C$17.54.

Lundin Mining Trading Up 2.3 %

Shares of LUN opened at C$14.47 on Friday. The business’s 50-day moving average price is C$13.39 and its 200 day moving average price is C$14.64. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. The stock has a market capitalization of C$11.24 billion, a P/E ratio of 51.68, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$17.97.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.03). The company had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.51 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

Insider Activity

In related news, Director Jack Oliver Lundin bought 65,000 shares of Lundin Mining stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of C$12.55 per share, for a total transaction of C$815,854.00. 15.70% of the stock is currently owned by insiders.

About Lundin Mining

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.