FY2024 EPS Estimates for Lundin Mining Decreased by Analyst

Lundin Mining Co. (OTCMKTS:LUNMF) – Raymond James reduced their FY2024 earnings estimates for shares of Lundin Mining in a research report issued to clients and investors on Wednesday, October 23rd. Raymond James analyst F. Hamed now forecasts that the basic materials company will earn $0.62 per share for the year, down from their prior estimate of $0.65. The consensus estimate for Lundin Mining’s current full-year earnings is $0.62 per share. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.23 EPS.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Tuesday, July 30th. The basic materials company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The business had revenue of $1.08 billion during the quarter. Lundin Mining had a return on equity of 5.19% and a net margin of 4.21%.

Separately, Scotiabank raised Lundin Mining to a “hold” rating in a research report on Monday, July 15th.

Lundin Mining Trading Down 1.3 %

LUNMF opened at $10.18 on Friday. The company has a fifty day moving average price of $9.95 and a two-hundred day moving average price of $10.69. Lundin Mining has a 1-year low of $5.91 and a 1-year high of $13.26. The company has a market cap of $7.91 billion, a P/E ratio of 67.87, a price-to-earnings-growth ratio of 0.34 and a beta of 1.49. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22.

Lundin Mining Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, September 2nd were given a dividend of $0.065 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 30th. Lundin Mining’s payout ratio is currently 173.33%.

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.