Lundin Mining (LUNMF) Expected to Announce Earnings on Wednesday

Key Points

• Lundin Mining is expected to report quarterly results after the close on Wednesday, May 6, with analysts forecasting $0.27 EPS and $1.1679 billion in revenue.
• In the prior quarter the company beat estimates, reporting $0.42 EPS (vs. $0.30 consensus) and $1.30 billion in revenue, and analysts project roughly $1 EPS for both the current and next fiscal years.
• Shares opened at $25.10 and were trading down 7.1%; Lundin Mining has a market cap of $21.47 billion, a P/E of 16.73, and a Wall Street consensus rating of "Moderate Buy" (1 Strong Buy, 4 Buy, 7 Hold).

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) is expected to be releasing its results after the market closes on Wednesday, May 6th. Analysts expect Lundin Mining to post earnings of $0.27 per share and revenue of $1.1679 billion for the quarter.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.12. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%.The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.18 billion. On average, analysts expect Lundin Mining to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lundin Mining Trading Down 7.1%

Shares of OTCMKTS LUNMF opened at $25.10 on Wednesday. The business's 50 day moving average is $26.75 and its two-hundred day moving average is $22.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.17. Lundin Mining has a 1-year low of $7.76 and a 1-year high of $33.29. The stock has a market capitalization of $21.47 billion, a P/E ratio of 16.73, a PEG ratio of 1.36 and a beta of 1.30.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LUNMF. Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of Lundin Mining in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Scotiabank restated an "outperform" rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Raymond James Financial restated a "market perform" rating on shares of Lundin Mining in a research report on Wednesday, January 14th. Finally, Citigroup restated a "buy" rating on shares of Lundin Mining in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

About Lundin Mining

Lundin Mining Corporation is a Canada-based diversified base metals mining company engaged in the acquisition, exploration, development, and operation of mines. The company's portfolio encompasses copper, nickel, zinc, and lead, with by-products including gold and silver. Through its technical expertise and focus on cost-effective operations, Lundin Mining aims to maximize long-term value while meeting industry standards for safety and environmental stewardship.

Operationally, Lundin Mining holds interests in several producing assets across the Americas and Europe.

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