Scotiabank Reduces Earnings Estimates for Lundin Mining

Lundin Mining Co. (TSE:LUN) – Research analysts at Scotiabank decreased their FY2025 EPS estimates for Lundin Mining in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will post earnings per share of $0.62 for the year, down from their previous estimate of $0.73. Scotiabank also issued estimates for Lundin Mining’s FY2026 earnings at $0.65 EPS.

Lundin Mining (TSE:LUN) last posted its 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). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The business had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion.

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

Lundin Mining Price Performance

Shares of TSE LUN opened at C$12.42 on Thursday. The stock has a market cap of C$9.65 billion, a P/E ratio of 44.36, a P/E/G ratio of -0.26 and a beta of 1.66. The firm’s 50-day simple moving average is C$13.21 and its 200 day simple moving average is C$13.67. Lundin Mining has a fifty-two week low of C$9.85 and a fifty-two week high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64.

Lundin Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s payout ratio is 128.57%.

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.