Stifel Canada Boosts Earnings Estimates for Lundin Mining

Lundin Mining Co. (OTCMKTS:LUNMF) – Research analysts at Stifel Canada lifted their FY2024 earnings estimates for shares of Lundin Mining in a note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now forecasts that the basic materials company will post earnings of $0.53 per share for the year, up from their prior estimate of $0.52. The consensus estimate for Lundin Mining’s current full-year earnings is $0.57 per share. Stifel Canada also issued estimates for Lundin Mining’s FY2026 earnings at $0.42 EPS.

Lundin Mining (OTCMKTS:LUNMF) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%.

Lundin Mining Price Performance

OTCMKTS LUNMF opened at $8.60 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. Lundin Mining has a 52-week low of $7.31 and a 52-week high of $13.26. The business has a 50 day simple moving average of $9.96 and a 200 day simple moving average of $10.17. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 0.41 and a beta of 1.47.

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, December 2nd were issued a dividend of $0.0647 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 2.56%. Lundin Mining’s payout ratio is 72.22%.

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.