Brokers Offer Predictions for Lundin Mining FY2025 Earnings

Lundin Mining Corp. (OTCMKTS:LUNMF - Free Report) - Equities research analysts at Desjardins increased their FY2025 EPS estimates for Lundin Mining in a research note issued to investors on Wednesday, June 18th. Desjardins analyst B. Adams now forecasts that the basic materials company will post earnings per share of $0.48 for the year, up from their previous forecast of $0.46. 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.

LUNMF has been the topic of a number of other reports. TD Securities raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. BMO Capital Markets raised shares of Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research note on Friday, June 6th. Canaccord Genuity Group raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. The Goldman Sachs Group raised shares of Lundin Mining from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Stifel Canada raised shares of Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

Lundin Mining Price Performance

Shares of OTCMKTS LUNMF traded up $0.68 during midday trading on Monday, reaching $10.78. The company's stock had a trading volume of 221,928 shares, compared to its average volume of 451,984. The business's 50 day moving average price is $9.32 and its two-hundred day moving average price is $8.71. The company has a market cap of $9.23 billion, a P/E ratio of -82.94, a P/E/G ratio of 0.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 1.88. Lundin Mining has a fifty-two week low of $6.30 and a fifty-two week high of $11.96.

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

Lundin Mining Cuts Dividend

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