Sumitomo Metal Mining Co (STMNF) is scheduled to report 2nd quarter earnings on 11/12/2024.
Regarding Q2 estimates, Wall Street analysts expect Sumitomo Metal Mining Co to post earnings of Yen74.33 per share. Revenue expectations are pegged at Yen372.99 billion. Last quarter, Sumitomo Metal Mining Co missed earnings estimates, reporting EPS of Yen80.34 on estimates of Yen93.29. The stock fell by -0.67% the day after the last earnings release.
Year-to-date, STMNF stock has fallen by -8.73%.
Is Sumitomo Metal Mining Co Stock a Buy?
Wall Street’s consensus rating for STMNF stock is a Moderate Buy, with an average analyst price target of $30.79, implying upside potential of 12.22% from current levels.
STMNF shares have lost about -13.56% in the past six months.
About Sumitomo Metal Mining Co
Sumitomo Metal Mining Co., Ltd. engages in the mining business. It operates through the following segments: Mineral Resources, Smelting and Refining, Materials, and Others. The Mineral Resources segment includes the exploration, development and production of non-ferrous metal resources as well as the sale of ores and other products. The Smelting and Refining segment sells copper, nickel, ferro-nickel, zinc, lead, and precious metals such as gold, silver, and platinum. The Materials segment manufactures and sells lead frames, tape materials, bonding wires, and advanced materials. The Others segment includes real estate and technical engineering. The company was founded by Riemon Soga in 1590 and is headquartered in Tokyo, Japan.
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