Lundin Mining FY2024 EPS Estimate Raised by Stifel Canada

Lundin Mining Co. (TSE:LUN) – Stock analysts at Stifel Canada upped their FY2024 EPS estimates for shares of Lundin Mining in a research note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now forecasts that the mining company will post earnings per share of $0.75 for the year, up from their prior forecast of $0.71. Stifel Canada also issued estimates for Lundin Mining’s FY2025 earnings at $0.91 EPS and FY2026 earnings at $0.60 EPS.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The company had revenue of C$1.46 billion during the quarter, compared to analysts’ expectations of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

A number of other research firms also recently weighed in on LUN. Raymond James lowered their target price on Lundin Mining from C$16.00 to C$15.00 in a report on Tuesday, December 10th. UBS Group raised their price objective on shares of Lundin Mining from C$16.00 to C$17.00 in a report on Monday, December 9th. Royal Bank of Canada cut their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Finally, Ventum Financial lifted their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Six 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 a consensus target price of C$17.72.

Lundin Mining Stock Performance

LUN stock opened at C$11.93 on Wednesday. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. Lundin Mining has a 1 year low of C$9.85 and a 1 year high of C$17.97. The company has a market cap of C$9.27 billion, a P/E ratio of 42.61, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The stock’s fifty day moving average price is C$13.79 and its 200-day moving average price is C$13.96.

Lundin Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were given a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 3.02%. 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.