FY2025 EPS Estimates for Lundin Mining Lifted by Desjardins

Lundin Mining Co. (OTCMKTS:LUNMF) – Investment analysts at Desjardins upped their FY2025 earnings per share (EPS) estimates for shares of Lundin Mining in a report issued on Thursday, May 8th. Desjardins analyst B. Adams now expects that the basic materials company will post earnings of $0.46 per share for the year, up from their prior estimate of $0.35. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Lundin Mining’s current full-year earnings is $0.53 per share.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The company had revenue of $963.90 million for the quarter, compared to analysts’ expectations of $914.31 million.

A number of other brokerages have also recently issued reports on LUNMF. Stifel Canada raised shares of Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. TD Securities upgraded Lundin Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. Canaccord Genuity Group raised Lundin Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 16th. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research note on Monday, May 5th. Finally, The Goldman Sachs Group upgraded shares of Lundin Mining from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Lundin Mining Price Performance

Shares of OTCMKTS:LUNMF opened at $8.56 on Monday. The company has a market cap of $7.36 billion, a PE ratio of 23.78, a P/E/G ratio of 0.36 and a beta of 1.29. Lundin Mining has a fifty-two week low of $6.30 and a fifty-two week high of $13.26. The firm has a 50-day simple moving average of $8.20 and a 200 day simple moving average of $8.72. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28.

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 24th were paid a dividend of $0.0634 per share. This represents a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, March 21st. Lundin Mining’s dividend payout ratio is presently -92.31%.

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.