Lundin Mining (LUNMF) Projected to Post Earnings on Wednesday

Key Points

• Lundin Mining is expected to announce its quarterly earnings on August 6th, projecting earnings of $0.09 per share and revenue of $806.60 million.
• The stock opened at $10.07 with a market cap of $8.62 billion, and has a mixed rating from analysts ranging from "hold" to "strong-buy."
• The company recently cut its dividend, which has a current yield of 0.84% and a negative dividend payout ratio of -61.54%.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) is expected to post its quarterly earnings results after the market closes on Wednesday, August 6th. Analysts expect Lundin Mining to post earnings of $0.09 per share and revenue of $806.60 million for the quarter.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $914.31 million. 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 Stock Performance

OTCMKTS:LUNMF traded down $0.21 during trading hours on Wednesday, reaching $9.86. The company had a trading volume of 122,711 shares, compared to its average volume of 328,437. The firm's 50 day moving average price is $10.17 and its 200-day moving average price is $8.97. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of -75.85, a PEG ratio of 0.80 and a beta of 1.35. The company has a current ratio of 1.88, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. Lundin Mining has a 52 week low of $6.30 and a 52 week high of $11.50.

Lundin Mining Cuts Dividend

The company also recently disclosed 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. This represents a yield of 0.84%. The ex-dividend date was Thursday, June 5th. Lundin Mining's payout ratio is -61.54%.

Analyst Ratings Changes

Several equities analysts recently commented on LUNMF shares. BMO Capital Markets raised shares of Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research report on Friday, June 6th. TD Securities raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Raymond James Financial upgraded shares of Lundin Mining to a "hold" rating in a report on Monday, June 30th. Dnb Nor Markets raised Lundin Mining to a "hold" rating in a report on Tuesday, June 17th. Finally, Scotiabank reiterated an "outperform" rating on shares of Lundin Mining in a research report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy".

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.