Lundin Mining FY2024 EPS Estimate Lowered by Raymond James

Lundin Mining Co. (OTCMKTS:LUNMF) – Stock analysts at Raymond James decreased their FY2024 earnings per share (EPS) estimates for Lundin Mining in a research note issued on Wednesday, October 23rd. Raymond James analyst F. Hamed now expects that the basic materials company will earn $0.62 per share for the year, down from their prior forecast of $0.65. The consensus estimate for Lundin Mining’s current full-year earnings is $0.60 per share. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.23 EPS.

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

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

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at $10.21 on Friday. The firm has a fifty day moving average of $9.97 and a two-hundred day moving average of $10.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.57. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 44.39, a PEG ratio of 0.35 and a beta of 1.49. Lundin Mining has a 52 week low of $5.91 and a 52 week high of $13.26.

Lundin Mining Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, September 2nd were issued a $0.065 dividend. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 2.6%. Lundin Mining’s dividend payout ratio (DPR) is presently 113.05%.

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.