Lundin Mining (LUNMF) Expected to Announce Quarterly Earnings on Wednesday

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) is anticipated to issue 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 issued 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). Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The firm had revenue of $858.90 million during the quarter, compared to the consensus estimate of $1.06 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 Stock Performance

Shares of Lundin Mining stock traded up $0.12 during trading hours on Monday, reaching $8.47. The company's stock had a trading volume of 169,354 shares, compared to its average volume of 298,814. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. The company's 50 day simple moving average is $8.16 and its 200 day simple moving average is $8.79. Lundin Mining has a one year low of $6.30 and a one year high of $13.26. The stock has a market cap of $7.29 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 0.36 and a beta of 1.39.

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 24th were given a dividend of $0.0634 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a yield of 2.79%. Lundin Mining's dividend payout ratio is currently -92.31%.

Wall Street Analyst Weigh In

Several research analysts have commented on LUNMF shares. Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. TD Securities raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. UBS Group lowered shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday. Desjardins upgraded Lundin Mining to a "moderate buy" rating in a report on Thursday, April 3rd. Finally, Canaccord Genuity Group upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

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.