Research Analysts Offer Predictions for Lundin Mining Co.’s Q3 2022 Earnings (TSE:LUN)

Lundin Mining Co. (TSE:LUN – Get Rating) – Research analysts at Raymond James lowered their Q3 2022 earnings per share (EPS) estimates for Lundin Mining in a research report issued to clients and investors on Tuesday, April 19th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.40 per share for the quarter, down from their prior forecast of $0.43. Raymond James currently has a “Market Perform” rating and a $16.00 price objective on the stock. Raymond James also issued estimates for Lundin Mining’s Q4 2022 earnings at $0.39 EPS.

Lundin Mining (TSE:LUN – Get Rating) last issued its quarterly earnings data on Thursday, February 17th. The mining company reported C$0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.41 by C$0.07. The firm had revenue of C$1.28 billion for the quarter.

Other analysts have also issued research reports about the company. Canaccord Genuity Group increased their price target on Lundin Mining from C$10.00 to C$11.00 in a report on Monday, January 10th. Credit Suisse Group increased their price target on Lundin Mining to C$14.00 and gave the company a “neutral” rating in a report on Thursday. CIBC increased their price target on Lundin Mining from C$11.00 to C$13.00 and gave the company a “neutral” rating in a report on Friday, February 18th. Deutsche Bank Aktiengesellschaft increased their price target on Lundin Mining from C$11.00 to C$12.00 in a report on Thursday, March 10th. Finally, Royal Bank of Canada set a C$12.00 price target on Lundin Mining and gave the company a “sector perform” rating in a report on Wednesday, January 12th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$13.32.

Shares of LUN opened at C$12.26 on Friday. The business’s 50 day simple moving average is C$12.58 and its 200-day simple moving average is C$11.18. Lundin Mining has a 1 year low of C$8.56 and a 1 year high of C$15.94. The stock has a market capitalization of C$9.05 billion and a price-to-earnings ratio of 9.18. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.94 and a quick ratio of 1.60.

In other news, Senior Officer Jinhee Magie sold 30,000 shares of the stock in a transaction on Friday, February 25th. The stock was sold at an average price of C$11.66, for a total transaction of C$349,671.00. Following the transaction, the insider now owns 271,263 shares of the company’s stock, valued at approximately C$3,161,760.15.

About Lundin Mining (Get Rating)

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

Featured Articles