Brokers Issue Forecasts for Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Equities researchers at Ventum Cap Mkts issued their Q4 2024 earnings per share (EPS) estimates for shares of Lundin Mining in a note issued to investors on Thursday, November 21st. Ventum Cap Mkts analyst C. Mackay expects that the mining company will earn $0.31 per share 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 issued its earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. The company had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion.

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

Lundin Mining Stock Down 4.3 %

LUN stock opened at C$13.68 on Monday. The stock has a market cap of C$10.63 billion, a PE ratio of 51.04, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The firm’s 50-day simple moving average is C$13.93 and its 200 day simple moving average is C$14.37. Lundin Mining has a fifty-two week low of C$8.84 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.

Insider Buying and Selling at Lundin Mining

In other news, Director Jack Oliver Lundin bought 65,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of C$12.55 per share, for a total transaction of C$815,854.00. 15.70% of the stock is owned by corporate insiders.

Lundin Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is 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.