Q2 2024 Earnings Estimate for Lundin Mining Co. (TSE:LUN) Issued By Raymond James

Lundin Mining Co. (TSE:LUN) – Analysts at Raymond James upped their Q2 2024 earnings per share (EPS) estimates for Lundin Mining in a research report issued on Monday, April 22nd. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.21 per share for the quarter, up from their previous estimate of $0.12. The consensus estimate for Lundin Mining’s current full-year earnings is $0.84 per share. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.25 EPS and FY2024 earnings at $0.86 EPS.

Several other equities analysts also recently weighed in on LUN. Stifel Nicolaus set a C$14.50 target price on Lundin Mining and gave the stock a “buy” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. raised their price objective on Lundin Mining from C$9.10 to C$15.50 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Canaccord Genuity Group raised their price objective on Lundin Mining from C$11.00 to C$16.50 in a report on Wednesday, April 17th. Bank of America raised their price objective on Lundin Mining from C$12.50 to C$18.50 in a report on Tuesday, April 9th. Finally, BMO Capital Markets upgraded Lundin Mining from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$12.00 to C$16.00 in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lundin Mining presently has a consensus rating of “Hold” and an average price target of C$14.93.

Lundin Mining Stock Performance

TSE LUN opened at C$15.60 on Thursday. The business’s 50-day moving average price is C$13.36 and its 200 day moving average price is C$11.14. Lundin Mining has a twelve month low of C$8.18 and a twelve month high of C$16.51. The company has a market capitalization of C$12.09 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15.

Lundin Mining (TSE:LUN) last released its earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.15 by C($0.01). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The business had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion.

Lundin Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a yield of 2.31%. Lundin Mining’s dividend payout ratio (DPR) 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 stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. 15.70% of the stock is owned by insiders.

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.