Cormark Has Pessimistic View of Lundin Mining Q4 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF) – Research analysts at Cormark decreased their Q4 2024 earnings per share estimates for shares of Lundin Mining in a note issued to investors on Tuesday, January 21st. Cormark analyst S. Ioannou now forecasts that the basic materials company will post earnings per share of $0.26 for the quarter, down from their prior estimate of $0.41. The consensus estimate for Lundin Mining’s current full-year earnings is $0.53 per share. Cormark also issued estimates for Lundin Mining’s FY2025 earnings at $0.72 EPS.

Lundin Mining Stock Performance

Shares of OTCMKTS LUNMF opened at $8.41 on Thursday. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 0.36 and a beta of 1.48. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. Lundin Mining has a 1-year low of $7.51 and a 1-year high of $13.26. The stock’s 50-day moving average is $9.12 and its 200 day moving average is $9.71.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%.

Lundin Mining Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, December 2nd were paid a $0.0647 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 2.56%. Lundin Mining’s dividend payout ratio (DPR) is currently 75.00%.

Lundin Mining Company Profile

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.