Raymond James Reduces Earnings Estimates for Lundin Mining

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Raymond James dropped their Q4 2024 earnings per share estimates for shares of Lundin Mining in a research note issued on Monday, December 9th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.21 per share for the quarter, down from their previous forecast of $0.29. Raymond James also issued estimates for Lundin Mining’s Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.09 EPS and Q4 2025 earnings at $0.09 EPS.

Lundin Mining (TSE:LUN) last issued its quarterly 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). The company had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. raised 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. Royal Bank of Canada reduced their price objective on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Scotiabank upgraded shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. UBS Group lifted their price target on shares of Lundin Mining from C$16.00 to C$17.00 in a research note on Monday. Finally, Ventum Financial boosted their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$17.72.

Lundin Mining Price Performance

Shares of LUN opened at C$12.87 on Wednesday. Lundin Mining has a twelve month low of C$9.67 and a twelve month high of C$17.97. The company has a market capitalization of C$10.00 billion, a P/E ratio of 45.96, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The firm has a 50 day moving average of C$13.98 and a 200 day moving average of C$14.11. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were given a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 2.80%. Lundin Mining’s dividend payout ratio (DPR) is presently 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.