Cormark Has Pessimistic View of Lundin Mining Q4 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF) – Stock analysts at Cormark lowered their Q4 2024 earnings per share estimates for Lundin Mining in a research note issued to investors on Tuesday, January 21st. Cormark analyst S. Ioannou now forecasts that the basic materials company will post earnings of $0.26 per share for the quarter, down from their previous forecast 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 (OTCMKTS:LUNMF) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion.

Lundin Mining Trading Down 4.3 %

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

Lundin Mining Cuts Dividend

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

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.