Lundin Mining FY2024 EPS Estimate Reduced by Stifel Canada

Lundin Mining Co. (OTCMKTS:LUNMF) – Analysts at Stifel Canada lowered their FY2024 EPS estimates for shares of Lundin Mining in a research note issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now expects that the basic materials company will post earnings per share of $0.46 for the year, down from their previous 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 Stock Performance

Shares of LUNMF stock opened at $8.05 on Monday. Lundin Mining has a one year low of $7.51 and a one year high of $13.26. The company 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 firm has a 50-day moving average of $9.01 and a 200-day moving average of $9.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data 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 business had revenue of $1.07 billion for 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 Cuts Dividend

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