Cormark Has Bearish Estimate for Lundin Mining Q4 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF) – Research analysts at Cormark reduced their Q4 2024 EPS estimates for shares of Lundin Mining in a report issued on Tuesday, January 21st. Cormark analyst S. Ioannou now forecasts that the basic materials company will earn $0.26 per share 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 (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 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 net margin of 6.63% and a return on equity of 5.02%.

Lundin Mining Price Performance

Shares of OTCMKTS:LUNMF opened at $8.49 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. The firm has a 50-day simple moving average of $9.10 and a 200 day simple moving average of $9.70. Lundin Mining has a fifty-two week low of $7.51 and a fifty-two week high of $13.26. The company has a market cap of $7.37 billion, a PE ratio of 23.58, a P/E/G ratio of 0.36 and a beta of 1.48.

Lundin Mining Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, December 2nd were issued a dividend of $0.0647 per share. This represents a yield of 2.56%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s payout ratio 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.