FY2025 EPS Estimates for Lundin Mining Lifted by Desjardins

Lundin Mining Co. (OTCMKTS:LUNMF - Free Report) - Equities researchers at Desjardins boosted their FY2025 earnings per share (EPS) estimates for Lundin Mining in a research report issued on Thursday, May 8th. Desjardins analyst B. Adams now expects that the basic materials company will post earnings of $0.46 per share for the year, up from their previous forecast of $0.35. Desjardins has a "Moderate Buy" rating on the stock. The consensus estimate for Lundin Mining's current full-year earnings is $0.53 per share.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The firm had revenue of $963.90 million for the quarter, compared to the consensus estimate of $914.31 million.

Several other research analysts have also commented on LUNMF. UBS Group lowered shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. TD Securities upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a research report on Monday, May 5th. One analyst has rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Strong Buy".

Lundin Mining Trading Up 0.3%

LUNMF traded up $0.03 on Monday, hitting $9.12. 495,191 shares of the company were exchanged, compared to its average volume of 292,607. The firm has a fifty day simple moving average of $8.22 and a two-hundred day simple moving average of $8.72. Lundin Mining has a 12 month low of $6.30 and a 12 month high of $13.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a market capitalization of $7.84 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 0.36 and a beta of 1.29.

Lundin Mining Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 24th were paid a $0.0634 dividend. This represents a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, March 21st. Lundin Mining's dividend payout ratio is currently -53.85%.

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.