Cormark Has Optimistic Outlook of Lundin Mining Q4 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF) – Investment analysts at Cormark boosted their Q4 2024 earnings per share estimates for shares of Lundin Mining in a note issued to investors on Tuesday, November 12th. Cormark analyst S. Ioannou now forecasts that the basic materials company will earn $0.41 per share for the quarter, up from their previous forecast of $0.30. The consensus estimate for Lundin Mining’s current full-year earnings is $0.60 per share. Cormark also issued estimates for Lundin Mining’s FY2025 earnings at $0.98 EPS.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. Lundin Mining had a return on equity of 4.97% and a net margin of 6.63%.

Lundin Mining Price Performance

LUNMF opened at $9.58 on Thursday. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 0.33 and a beta of 1.50. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.20. Lundin Mining has a 12-month low of $6.45 and a 12-month high of $13.26. The business’s fifty day simple moving average is $9.96 and its 200-day simple moving average is $10.53.

Lundin Mining Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, September 2nd were given a dividend of $0.065 per share. This represents a yield of 2.6%. The ex-dividend date was Friday, August 30th. Lundin Mining’s dividend payout ratio (DPR) is 72.22%.

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.