Lundin Mining Q3 EPS Forecast Decreased by Raymond James

Lundin Mining Co. (OTCMKTS:LUNMF) – Research analysts at Raymond James dropped their Q3 2024 earnings estimates for shares of Lundin Mining in a research report issued on Wednesday, October 23rd. Raymond James analyst F. Hamed now anticipates that the basic materials company will post earnings of $0.17 per share for the quarter, down from their previous estimate of $0.21. The consensus estimate for Lundin Mining’s current full-year earnings is $0.60 per share.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). Lundin Mining had a net margin of 4.21% and a return on equity of 5.19%. The firm had revenue of $1.08 billion for the quarter.

Separately, Scotiabank raised shares of Lundin Mining to a “hold” rating in a report on Monday, July 15th.

Lundin Mining Stock Performance

Shares of LUNMF opened at $10.21 on Monday. The stock has a market capitalization of $7.93 billion, a PE ratio of 44.39, a price-to-earnings-growth ratio of 0.35 and a beta of 1.49. The business’s fifty day moving average price is $9.97 and its 200 day moving average price is $10.66. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.04. Lundin Mining has a 12-month low of $5.91 and a 12-month high of $13.26.

Lundin Mining Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, September 2nd were paid a $0.065 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 30th. Lundin Mining’s payout ratio is 113.05%.

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.