Stifel Canada Forecasts Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Stock analysts at Stifel Canada issued their Q4 2024 EPS estimates for shares of Lundin Mining in a report released on Thursday, January 23rd. Stifel Canada analyst C. Mcgill anticipates that the mining company will post earnings of $0.22 per share for the quarter. Stifel Canada also issued estimates for Lundin Mining’s FY2026 earnings at $0.55 EPS.

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

Several other equities research analysts also recently issued reports on LUN. Ventum Financial increased their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Raymond James dropped their price target on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. UBS Group reduced their price objective on Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Jefferies Financial Group reduced their price target on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Finally, Scotiabank lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.31.

Lundin Mining Price Performance

TSE LUN opened at C$12.22 on Friday. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a market cap of C$9.49 billion, a price-to-earnings ratio of 43.64, a PEG ratio of -0.26 and a beta of 1.66. The business has a 50 day simple moving average of C$13.00 and a 200 day simple moving average of C$13.53. Lundin Mining has a 52-week low of C$10.56 and a 52-week high of C$17.97.

Lundin Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s payout ratio is presently 128.57%.

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.