Lundin Mining (TSE:LUN) Issues Quarterly Earnings Results

Lundin Mining (TSE:LUN) posted its quarterly earnings data on Wednesday. The mining company reported C$0.46 earnings per share (EPS) for the quarter, FiscalAI reports. Lundin Mining had a net margin of 35.11% and a return on equity of 22.97%. The business had revenue of C$1.58 billion during the quarter.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$28.05 on Friday. The firm has a market capitalization of C$23.88 billion, a PE ratio of 16.03, a P/E/G ratio of -0.26 and a beta of 2.16. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 2.88. The company has a 50-day moving average price of C$33.66 and a two-hundred day moving average price of C$35.83. Lundin Mining has a twelve month low of C$23.66 and a twelve month high of C$45.74.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Canaccord Genuity Group cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. National Bank Financial lowered their price target on shares of Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Barclays upped their price objective on Lundin Mining from C$42.00 to C$43.00 in a research note on Thursday, July 16th. TD reduced their price objective on Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, ATB Cormark Capital Markets decreased their target price on Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating for the company in a research report on Monday, August 24th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$39.81.

Lundin Mining Company Profile

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world’s largest copper, gold, and silver projects in the Vicuna District on the border of Argentina and Chile, where we hold a 50% interest.