Q3 2024 EPS Estimates for Lundin Mining Co. Raised by Cormark (TSE:LUN)

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Cormark upped their Q3 2024 earnings per share (EPS) estimates for Lundin Mining in a report released on Monday, May 6th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings of $0.40 per share for the quarter, up from their prior forecast of $0.30. The consensus estimate for Lundin Mining’s current full-year earnings is $0.84 per share. Cormark also issued estimates for Lundin Mining’s FY2026 earnings at $1.48 EPS.

Several other equities research analysts also recently issued reports on LUN. BMO Capital Markets cut their price objective on shares of Lundin Mining from C$17.00 to C$16.50 in a research report on Thursday, May 2nd. Morgan Stanley lifted their price target on Lundin Mining from C$16.40 to C$20.00 in a report on Wednesday. Jefferies Financial Group upped their price objective on Lundin Mining from C$18.00 to C$20.00 and gave the company a “buy” rating in a report on Friday, April 12th. Canaccord Genuity Group lifted their target price on Lundin Mining from C$11.00 to C$16.50 in a report on Wednesday, April 17th. Finally, Raymond James upped their price target on shares of Lundin Mining from C$13.00 to C$15.00 in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$15.43.

Lundin Mining Stock Performance

TSE LUN opened at C$15.94 on Wednesday. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$16.51. The stock has a market cap of C$12.36 billion, a PE ratio of 37.95, a P/E/G ratio of -0.26 and a beta of 1.85. The firm has a 50-day moving average of C$14.30 and a 200-day moving average of C$11.59. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. The business had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.27 billion.

Lundin Mining Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, May 31st. Lundin Mining’s payout ratio is presently 85.71%.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. Company insiders own 15.70% of the company’s stock.

Lundin Mining Company Profile

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.