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

Lundin Mining Co. (TSE:LUN) – Analysts at Cormark increased their Q2 2024 EPS estimates for shares of Lundin Mining in a research note issued on Monday, May 6th. Cormark analyst S. Ioannou now expects that the mining company will earn $0.23 per share for the quarter, up from their prior estimate of $0.20. The consensus estimate for Lundin Mining’s current full-year earnings is $0.84 per share. Cormark also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.44 EPS, FY2024 earnings at $1.16 EPS, Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.33 EPS and FY2025 earnings at $1.31 EPS.

Several other brokerages also recently issued reports on LUN. Canaccord Genuity Group lifted their price objective on Lundin Mining from C$11.00 to C$16.50 in a research report on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft cut Lundin Mining from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. BMO Capital Markets decreased their price objective on shares of Lundin Mining from C$17.00 to C$16.50 in a report on Thursday, May 2nd. Eight Capital downgraded shares of Lundin Mining from a “buy” rating to a “neutral” rating and boosted their target price for the stock from C$13.00 to C$16.00 in a research note on Monday, April 22nd. Finally, Jefferies Financial Group increased their price target on shares of Lundin Mining from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$15.43.

Lundin Mining Stock Down 2.1 %

Shares of TSE:LUN opened at C$15.85 on Thursday. The company has a market capitalization of C$12.29 billion, a PE ratio of 37.74, a P/E/G ratio of -0.26 and a beta of 1.85. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48. The company’s fifty day moving average is C$14.20 and its 200-day moving average is C$11.56. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$16.51.

Lundin Mining (TSE:LUN) last posted 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). The business had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.27 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%.

Lundin Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, May 31st. Lundin Mining’s payout ratio is currently 85.71%.

Insider Activity

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. Corporate 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.