Q2 2024 EPS Estimates for Lundin Mining Co. Lowered by Analyst (TSE:LUN)

Lundin Mining Co. (TSE:LUN) – Investment analysts at Raymond James dropped their Q2 2024 earnings per share estimates for shares of Lundin Mining in a research report issued to clients and investors on Wednesday, May 22nd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.21. The consensus estimate for Lundin Mining’s current full-year earnings is $0.79 per share. Raymond James also issued estimates for Lundin Mining’s FY2024 earnings at $0.84 EPS.

Lundin Mining (TSE:LUN) last posted its 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). The company had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.27 billion. Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%.

LUN has been the topic of a number of other reports. Royal Bank of Canada lifted their price target on shares of Lundin Mining from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price 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. CIBC increased their price target on Lundin Mining from C$12.00 to C$15.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Pi Financial reiterated a “buy” rating on shares of Lundin Mining in a report on Friday, March 1st. Finally, Canaccord Genuity Group increased their target price on Lundin Mining from C$16.50 to C$17.50 and gave the stock a “hold” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Lundin Mining presently has a consensus rating of “Hold” and a consensus target price of C$15.82.

Lundin Mining Stock Up 1.9 %

Shares of TSE LUN opened at C$16.54 on Monday. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$17.97. The company has a debt-to-equity ratio of 25.05, a quick ratio of 0.90 and a current ratio of 1.57. The stock has a market cap of C$12.84 billion, a P/E ratio of 87.05, a P/E/G ratio of -0.26 and a beta of 1.82. The firm has a 50 day moving average price of C$15.41 and a 200 day moving average price of C$12.26.

Insider Buying and Selling

In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total value of C$155,831.76. In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total transaction of C$155,831.76. Also, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. Over the last quarter, insiders have sold 26,534 shares of company stock worth $439,992. Corporate insiders own 15.70% of the company’s stock.

Lundin Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, May 31st. Lundin Mining’s dividend payout ratio is currently 189.47%.

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.