Ventum Cap Mkts Estimates Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Stock analysts at Ventum Cap Mkts issued their Q4 2024 earnings per share estimates for Lundin Mining in a report released on Thursday, November 21st. Ventum Cap Mkts analyst C. Mackay forecasts that the mining company will post earnings per share of $0.31 for the quarter. Ventum Cap Mkts also issued estimates for Lundin Mining’s Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.17 EPS and Q3 2025 earnings at $0.17 EPS.

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

Several other research firms also recently weighed in on LUN. Ventum Financial raised their price objective on Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Scotiabank raised Lundin Mining from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. CIBC raised their price objective on shares of Lundin Mining from C$16.00 to C$17.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised shares of Lundin Mining from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from C$18.20 to C$17.30 in a report on Tuesday, August 20th. Finally, Haywood Securities raised shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price target for the company in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$17.98.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at C$14.29 on Monday. The company’s 50 day moving average price is C$13.89 and its two-hundred day moving average price is C$14.37. The firm has a market capitalization of C$11.10 billion, a P/E ratio of 50.50, 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 fifty-two week low of C$8.84 and a fifty-two week high of C$17.97.

Insider Activity

In other news, Director Jack Oliver Lundin acquired 65,000 shares of Lundin Mining stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of C$12.55 per share, with a total value of C$815,854.00. 15.70% of the stock is currently owned by company insiders.

Lundin Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders 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 dividend yield of 2.52%. 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.