FY2025 EPS Estimates for Lundin Mining Boosted by Desjardins

Lundin Mining Corp. (OTCMKTS:LUNMF) – Analysts at Desjardins lifted their FY2025 earnings estimates for shares of Lundin Mining in a report released on Wednesday, November 5th. Desjardins analyst B. Adams now forecasts that the basic materials company will post earnings per share of $0.58 for the year, up from their prior forecast of $0.45. The consensus estimate for Lundin Mining’s current full-year earnings is $0.53 per share.

Other equities research analysts have also issued reports about the company. Haywood Securities lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a research report on Wednesday, September 10th. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, October 28th. Finally, Wall Street Zen downgraded shares of Lundin Mining from a “buy” rating to a “hold” rating in a research note on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Lundin Mining has a consensus rating of “Buy”.

Lundin Mining Trading Up 7.8%

Shares of LUNMF opened at $17.39 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.90 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $14.89 billion, a P/E ratio of -869.50, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The stock’s fifty day simple moving average is $14.08 and its 200 day simple moving average is $11.41. Lundin Mining has a twelve month low of $6.30 and a twelve month high of $17.65.

Lundin Mining Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, September 24th. Investors of record on Monday, September 8th were given a dividend of $0.02 per share. This is a boost from Lundin Mining’s previous dividend of $0.02. The ex-dividend date of this dividend was Friday, September 5th. This represents a yield of 69.0%. Lundin Mining’s dividend payout ratio is presently -400.00%.

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.