Stifel Canada Reduces Earnings Estimates for Lundin Mining

Lundin Mining Co. (OTCMKTS:LUNMF) – Research analysts at Stifel Canada decreased their FY2024 earnings per share estimates for Lundin Mining in a note issued to investors on Tuesday, October 15th. Stifel Canada analyst C. Mcgill now expects that the basic materials company will earn $0.52 per share for the year, down from their previous estimate of $0.60. The consensus estimate for Lundin Mining’s current full-year earnings is $0.62 per share.

Separately, Scotiabank upgraded Lundin Mining to a “hold” rating in a research report on Monday, July 15th.

Lundin Mining Price Performance

Shares of OTCMKTS LUNMF opened at $10.45 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $9.84 and its 200 day moving average price is $10.71. Lundin Mining has a 52 week low of $5.91 and a 52 week high of $13.26. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 69.67, a PEG ratio of 0.34 and a beta of 1.49.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $1.08 billion during the quarter. Lundin Mining had a net margin of 4.21% and a return on equity of 5.19%.

Lundin Mining Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, September 2nd were paid a $0.065 dividend. The ex-dividend date was Friday, August 30th. This represents a yield of 2.6%. Lundin Mining’s payout ratio is currently 173.33%.

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.