Lundin Mining (LUNMF) Expected to Announce Earnings on Wednesday

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $914.31 million for the quarter.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.10). The company had revenue of $858.90 million for the quarter, compared to analyst estimates of $1.06 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. 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

LUNMF traded up $0.12 during trading on Friday, reaching $8.47. 169,354 shares of the company were exchanged, compared to its average volume of 298,814. Lundin Mining has a 52 week low of $6.30 and a 52 week high of $13.26. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $8.16 and a 200 day moving average of $8.81. The stock has a market cap of $7.29 billion, a P/E ratio of 23.53, a PEG ratio of 0.36 and a beta of 1.39.

Lundin Mining Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 24th were issued a dividend of $0.0634 per share. This represents a dividend yield of 2.79%. The ex-dividend date was Friday, March 21st. Lundin Mining's dividend payout ratio (DPR) is -92.31%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LUNMF. Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Desjardins upgraded Lundin Mining to a "moderate buy" rating in a research report on Thursday, April 3rd. The Goldman Sachs Group upgraded Lundin Mining from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 6th. TD Securities raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.