Lundin Mining FY2024 EPS Estimate Decreased by Scotiabank

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Scotiabank dropped their FY2024 EPS estimates for Lundin Mining in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings per share of $0.73 for the year, down from their previous forecast of $0.97.

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

LUN has been the subject of a number of other research reports. Raymond James dropped their price target on Lundin Mining from C$16.00 to C$15.00 in a research report on Tuesday, December 10th. Jefferies Financial Group dropped their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. UBS Group reduced their price target on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Finally, Ventum Financial increased their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy” and an average target price of C$17.38.

Lundin Mining Stock Performance

Shares of LUN stock opened at C$12.42 on Friday. The stock has a fifty day moving average price of C$13.21 and a 200 day moving average price of C$13.66. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a market cap of C$9.65 billion, a PE ratio of 44.36, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 1 year low of C$9.85 and a 1 year high of C$17.97.

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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Friday, November 29th. Lundin Mining’s dividend payout ratio is currently 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.