Cormark Issues Optimistic Outlook for Lundin Mining Earnings

Lundin Mining Co. (TSE:LUN) – Research analysts at Cormark upped their FY2025 earnings per share (EPS) 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 prior estimate of $1.33.

Other research analysts have also recently issued research reports about the stock. Ventum Financial boosted their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Royal Bank of Canada lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Scotiabank raised Lundin Mining from a “sector perform” rating to an “outperform” rating and cut their price target for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. CIBC lifted their price objective on Lundin Mining from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Haywood Securities upgraded Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price objective for the company in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$17.98.

Lundin Mining Trading Up 1.0 %

Shares of LUN opened at C$13.57 on Thursday. The stock has a fifty day moving average price of C$13.61 and a two-hundred day moving average price of C$14.45. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The company has a market cap of C$10.54 billion, a price-to-earnings ratio of 48.46, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52-week low of C$8.84 and a 52-week high of C$17.97.

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

Lundin Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Friday, November 29th. Lundin Mining’s dividend payout ratio is presently 128.57%.

Insider Buying and Selling at Lundin Mining

In related news, Director Jack Oliver Lundin bought 65,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price 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.

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.