Lundin Mining Co. to Post Q3 2024 Earnings of $0.08 Per Share, National Bank Financial Forecasts (OTCMKTS:LUNMF)

Lundin Mining Co. (OTCMKTS:LUNMF) – Stock analysts at National Bank Financial decreased their Q3 2024 EPS estimates for shares of Lundin Mining in a research report issued to clients and investors on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.16. The consensus estimate for Lundin Mining’s current full-year earnings is $0.62 per share. National Bank Financial also issued estimates for Lundin Mining’s FY2024 earnings at $0.50 EPS and FY2025 earnings at $0.51 EPS.

Separately, Scotiabank upgraded shares of Lundin Mining to a “hold” rating in a research note on Monday, July 15th.

Lundin Mining Trading Up 3.3 %

OTCMKTS LUNMF opened at $10.49 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.22. Lundin Mining has a 52 week low of $5.91 and a 52 week high of $13.26. The firm has a market cap of $8.15 billion, a PE ratio of 69.93, a price-to-earnings-growth ratio of 0.34 and a beta of 1.49. The company has a 50 day moving average price of $9.78 and a 200 day moving average price of $10.71.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $1.08 billion for the quarter. Lundin Mining had a return on equity of 5.19% and a net margin of 4.21%.

Lundin Mining Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, September 2nd were given a $0.065 dividend. This represents a dividend yield of 2.6%. The ex-dividend date was Friday, August 30th. Lundin Mining’s dividend payout ratio (DPR) is 173.33%.

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.