Stifel Canada Reduces Earnings Estimates for Lundin Mining

Lundin Mining Co. (OTCMKTS:LUNMFFree Report) – Stock analysts at Stifel Canada reduced their FY2024 EPS estimates for Lundin Mining in a research note issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now forecasts that the basic materials company will earn $0.46 per share for the year, down from their prior forecast of $0.53. The consensus estimate for Lundin Mining’s current full-year earnings is $0.53 per share. Stifel Canada also issued estimates for Lundin Mining’s FY2027 earnings at $0.37 EPS.

Lundin Mining (OTCMKTS:LUNMFGet Free Report) last announced 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). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%.

Lundin Mining Stock Performance

OTCMKTS:LUNMF opened at $8.35 on Monday. Lundin Mining has a 52 week low of $7.51 and a 52 week high of $13.26. The company has a fifty day simple moving average of $9.05 and a two-hundred day simple moving average of $9.63. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 0.36 and a beta of 1.48.

Lundin Mining Cuts Dividend

The business 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 of this dividend was Friday, November 29th. This represents a yield of 2.56%. Lundin Mining’s payout ratio is 75.00%.

About Lundin Mining

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.