Analysts Set Expectations for Lundin Mining FY2024 Earnings

Lundin Mining Co. (TSE:LUN) – Equities researchers at National Bank Financial upped their FY2024 earnings estimates for Lundin Mining in a research report issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings per share of $0.77 for the year, up from their prior estimate of $0.48. National Bank Financial also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.32 EPS and FY2025 earnings at $1.13 EPS.

Several other brokerages have also recently issued reports on LUN. Stifel Nicolaus decreased their price objective on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Raymond James cut their target price on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. Jefferies Financial Group decreased their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Scotiabank cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, Ventum Financial increased their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy” and an average price target of C$17.19.

Lundin Mining Price Performance

LUN stock opened at C$11.98 on Friday. The company has a market capitalization of C$9.31 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company’s fifty day moving average price is C$12.57 and its 200-day moving average price is C$13.25. Lundin Mining has a one year low of C$10.56 and a one year high of C$17.97. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49.

Lundin Mining (TSE:LUN) last released its 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 firm had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.49 billion.

About Lundin Mining

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.