FY2027 EPS Estimates for Lundin Mining Reduced by Analyst

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Stifel Canada reduced their FY2027 earnings per share estimates for shares of Lundin Mining in a research report issued on Sunday, December 15th. Stifel Canada analyst C. Mcgill now anticipates that the mining company will earn $0.89 per share for the year, down from their previous estimate of $1.08.

A number of other analysts have also recently weighed in on LUN. JPMorgan Chase & Co. raised Lundin Mining from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Scotiabank raised Lundin Mining from a “sector perform” rating to an “outperform” rating and decreased their price target for the stock from C$18.00 to C$16.00 in a report on Monday, August 19th. Raymond James dropped their price objective on shares of Lundin Mining from C$16.00 to C$15.00 in a research note on Tuesday, December 10th. Royal Bank of Canada reduced their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Finally, UBS Group lifted their target price on shares of Lundin Mining from C$16.00 to C$17.00 in a report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.72.

Lundin Mining Stock Down 2.3 %

Shares of TSE LUN opened at C$12.53 on Tuesday. The business has a 50-day moving average price of C$13.94 and a 200 day moving average price of C$14.07. Lundin Mining has a 52-week low of C$9.85 and a 52-week high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The stock has a market cap of C$9.73 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN) last posted its earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The business had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Lundin Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s payout ratio is 128.57%.

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.