Scotiabank Brokers Lift Earnings Estimates for Lundin Mining

Lundin Mining Corp. (OTCMKTS:LUNMF - Free Report) - Scotiabank lifted their FY2025 earnings per share estimates for shares of Lundin Mining in a report issued on Tuesday, July 15th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings per share of $0.55 for the year, up from their previous forecast of $0.50. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for Lundin Mining's current full-year earnings is $0.53 per share. Scotiabank also issued estimates for Lundin Mining's FY2026 earnings at $0.55 EPS.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. Lundin Mining had a positive return on equity of 6.24% and a negative net margin of 2.34%. The business had revenue of $963.90 million for the quarter, compared to analyst estimates of $914.31 million.

LUNMF has been the topic of several other reports. Raymond James Financial upgraded Lundin Mining to a "hold" rating in a report on Monday, June 30th. Desjardins raised shares of Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd. Dnb Nor Markets upgraded shares of Lundin Mining to a "hold" rating in a report on Tuesday, June 17th. UBS Group downgraded shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, BMO Capital Markets upgraded shares of Lundin Mining from an "outperform" rating to a "strong-buy" rating in a report on Friday, June 6th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy".

Lundin Mining Stock Performance

Shares of OTCMKTS:LUNMF traded up $0.19 during trading on Friday, hitting $10.16. The stock had a trading volume of 87,049 shares, compared to its average volume of 333,420. Lundin Mining has a 12-month low of $6.30 and a 12-month high of $11.50. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of -78.15, a price-to-earnings-growth ratio of 0.79 and a beta of 1.35. The company has a quick ratio of 1.53, a current ratio of 1.88 and a debt-to-equity ratio of 0.27. The stock has a 50-day simple moving average of $9.99 and a two-hundred day simple moving average of $8.90.

Lundin Mining Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, June 6th were paid a $0.0198 dividend. The ex-dividend date was Thursday, June 5th. This represents a yield of 0.84%. Lundin Mining's dividend payout ratio is currently -61.54%.

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.