FY2024 EPS Estimates for Lundin Mining Cut by Scotiabank

Lundin Mining Co. (TSE:LUN) – Scotiabank lowered their FY2024 earnings per share estimates for Lundin Mining in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $0.73 per share for the year, down from their previous estimate of $0.97.

A number of other equities research analysts also recently issued reports on LUN. Jefferies Financial Group reduced their price target on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Raymond James decreased their price target on Lundin Mining from C$16.00 to C$15.00 in a research note on Tuesday, December 10th. UBS Group dropped their price objective on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday. Finally, Ventum Financial increased their target price on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$17.38.

Lundin Mining Trading Down 4.0 %

TSE LUN opened at C$12.42 on Friday. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The stock has a market capitalization of C$9.65 billion, a P/E ratio of 44.36, a PEG ratio of -0.26 and a beta of 1.66. The firm’s 50-day moving average is C$13.21 and its two-hundred day moving average is C$13.67. Lundin Mining has a 12 month low of C$9.85 and a 12 month high of C$17.97.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The business 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%.

Lundin Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 2.90%. Lundin Mining’s dividend payout ratio (DPR) 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.