Lundin Mining FY2024 EPS Forecast Raised by Stifel Canada

Lundin Mining Co. (OTCMKTS:LUNMF) – Stock analysts at Stifel Canada lifted their FY2024 earnings per share estimates for shares of Lundin Mining in a research report issued on Sunday, December 15th. Stifel Canada analyst C. Mcgill now forecasts that the basic materials company will post earnings per share of $0.53 for the year, up from their prior forecast of $0.52. The consensus estimate for Lundin Mining’s current full-year earnings is $0.57 per share. Stifel Canada also issued estimates for Lundin Mining’s FY2026 earnings at $0.42 EPS.

Lundin Mining Trading Up 0.6 %

Shares of LUNMF stock opened at $8.30 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. Lundin Mining has a fifty-two week low of $7.31 and a fifty-two week high of $13.26. The stock has a market capitalization of $6.44 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 0.41 and a beta of 1.47. The company has a 50 day moving average price of $9.88 and a 200 day moving average price of $10.13.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion.

Lundin Mining Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, December 2nd were paid a dividend of $0.0647 per share. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 2.56%. Lundin Mining’s payout ratio is currently 72.22%.

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.