FY2024 EPS Estimates for Lundin Mining Cut by Stifel Canada

Lundin Mining Co. (OTCMKTS:LUNMF) – Stock analysts at Stifel Canada reduced their FY2024 earnings per share estimates for shares of Lundin Mining in a report issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now anticipates that the basic materials company will post earnings per share of $0.46 for the year, down from their prior estimate of $0.53. The consensus estimate for Lundin Mining’s current full-year earnings is $0.53 per share. Stifel Canada also issued estimates for Lundin Mining’s FY2027 earnings at $0.37 EPS.

Lundin Mining (OTCMKTS:LUNMF) last issued 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 analysts’ expectations of $1.10 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%.

Lundin Mining Stock Down 3.5 %

Lundin Mining stock opened at $8.05 on Monday. The firm has a market cap of $6.99 billion, a P/E ratio of 22.37, a P/E/G ratio of 0.36 and a beta of 1.48. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $9.01 and a two-hundred day moving average of $9.61. Lundin Mining has a twelve month low of $7.51 and a twelve month high of $13.26.

Lundin Mining Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, December 2nd were paid a $0.0647 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 2.56%. Lundin Mining’s dividend payout ratio (DPR) is 75.00%.

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.