FY2025 Earnings Forecast for Lundin Mining Issued By Cormark

Lundin Mining Co. (TSE:LUN) – Equities researchers at Cormark raised their FY2025 earnings per share estimates for Lundin Mining in a note issued to investors on Tuesday, November 12th. Cormark analyst S. Ioannou now expects that the mining company will earn $1.36 per share for the year, up from their previous forecast of $1.33.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The business had revenue of C$1.46 billion during the quarter, compared to the consensus estimate of C$1.49 billion.

Other equities research analysts also recently issued reports about the stock. CIBC raised their price objective on shares of Lundin Mining from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upgraded Lundin Mining from a “neutral” rating to an “overweight” rating and reduced their price target for the company from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Scotiabank raised Lundin Mining from a “sector perform” rating to an “outperform” rating and dropped their target price for the stock from C$18.00 to C$16.00 in a report on Monday, August 19th. Royal Bank of Canada decreased their price target on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Finally, Ventum Financial lifted their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$17.98.

Lundin Mining Price Performance

Shares of LUN opened at C$13.57 on Thursday. The firm has a market capitalization of C$10.54 billion, a PE ratio of 48.46, a PEG ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The company’s 50-day moving average is C$13.61 and its 200-day moving average is C$14.45. Lundin Mining has a fifty-two week low of C$8.84 and a fifty-two week high of C$17.97.

Insiders Place Their Bets

In other news, Director Jack Oliver Lundin bought 65,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of C$12.55 per share, with a total value of C$815,854.00. Company insiders own 15.70% of the company’s stock.

Lundin Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, November 29th. Lundin Mining’s dividend payout ratio (DPR) is presently 128.57%.

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.