Q3 2024 EPS Estimates for Lundin Mining Co. (OTCMKTS:LUNMF) Lifted by Raymond James

Lundin Mining Co. (OTCMKTS:LUNMF) – Investment analysts at Raymond James upped their Q3 2024 earnings per share estimates for shares of Lundin Mining in a research note issued to investors on Monday, September 23rd. Raymond James analyst F. Hamed now anticipates that the basic materials company will earn $0.21 per share for the quarter, up from their previous estimate of $0.20. The consensus estimate for Lundin Mining’s current full-year earnings is $0.73 per share. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.65 EPS, Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.44 EPS.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm 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 upgraded Lundin Mining to a “hold” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Lundin Mining presently has a consensus rating of “Hold” and a consensus price target of $11.83.

Lundin Mining Trading Up 4.2 %

OTCMKTS:LUNMF opened at $10.75 on Wednesday. Lundin Mining has a one year low of $5.91 and a one year high of $13.26. The business’s 50-day simple moving average is $9.64 and its 200 day simple moving average is $10.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.57. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 71.67, a price-to-earnings-growth ratio of 0.27 and a beta of 1.49.

Lundin Mining Cuts Dividend

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