FY2025 EPS Estimates for Lundin Mining Raised by Desjardins

Lundin Mining Corp. (OTCMKTS:LUNMF - Free Report) - Equities research analysts at Desjardins boosted their FY2025 EPS estimates for Lundin Mining in a research note issued on Wednesday, June 18th. Desjardins analyst B. Adams now expects that the basic materials company will post earnings per share of $0.48 for the year, up from their prior estimate of $0.46. Desjardins currently 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 released its 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 firm had revenue of $963.90 million during the quarter, compared to the consensus estimate of $914.31 million.

Several other research analysts also recently commented on the stock. The Goldman Sachs Group raised shares of Lundin Mining from a "buy" rating to a "strong-buy" rating in a report on Thursday, March 6th. TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Canaccord Genuity Group upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, UBS Group cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating, one has issued a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Strong Buy".

Lundin Mining Stock Performance

Shares of Lundin Mining stock traded up $0.06 on Monday, reaching $10.01. 235,764 shares of the company traded hands, compared to its average volume of 469,055. The company has a 50 day moving average of $9.16 and a 200 day moving average of $8.68. The firm has a market capitalization of $8.57 billion, a PE ratio of -77.00, a PEG ratio of 0.90 and a beta of 1.34. Lundin Mining has a 52 week low of $6.30 and a 52 week high of $11.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.88 and a quick ratio of 1.53.

Lundin Mining Cuts Dividend

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

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.