Cormark Issues Optimistic Outlook for Lundin Mining Earnings

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Cormark increased their FY2025 earnings per share (EPS) estimates for shares of Lundin Mining in a research note issued to investors on Tuesday, November 12th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings of $1.36 per share for the year, up from their prior estimate of $1.33.

A number of other equities research analysts also recently issued reports on LUN. Ventum Financial upped their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. JPMorgan Chase & Co. raised Lundin Mining from a “neutral” rating to an “overweight” rating and decreased their target price for the company from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. CIBC increased their price target on shares of Lundin Mining from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Haywood Securities raised shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price objective on the stock in a research report on Tuesday, August 6th. Finally, Canaccord Genuity Group dropped their target price on shares of Lundin Mining from C$17.50 to C$16.50 in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Lundin Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.98.

Lundin Mining Price Performance

LUN opened at C$13.44 on Thursday. The firm’s fifty day moving average price is C$13.58 and its two-hundred day moving average price is C$14.46. The company has a market capitalization of C$10.44 billion, a price-to-earnings ratio of 48.00, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. Lundin Mining has a 1 year low of C$8.84 and a 1 year high of C$17.97.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The company had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

Insider Buying and Selling at Lundin Mining

In other news, Director Jack Oliver Lundin purchased 65,000 shares of Lundin Mining stock in a transaction dated 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. Insiders own 15.70% of the company’s stock.

Lundin Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 2.68%. Lundin Mining’s dividend payout ratio is currently 128.57%.

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.