Cormark Has Pessimistic Outlook of Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Equities researchers at Cormark cut their Q4 2024 earnings per share estimates for shares of Lundin Mining in a research note issued to investors on Tuesday, January 21st. Cormark analyst S. Ioannou now expects that the mining company will post earnings of $0.37 per share for the quarter, down from their previous estimate of $0.57. Cormark also issued estimates for Lundin Mining’s FY2025 earnings at $1.04 EPS.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The company had revenue of C$1.46 billion during the quarter, compared to the consensus estimate of C$1.49 billion.

A number of other analysts have also recently commented on the stock. Raymond James cut their price target on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a research note on Thursday, January 16th. Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Jefferies Financial Group cut their price target on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. UBS Group dropped their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Finally, Ventum Financial upped their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy” and an average price target of C$17.31.

Lundin Mining Trading Up 1.1 %

Shares of Lundin Mining stock opened at C$12.22 on Thursday. Lundin Mining has a 12-month low of C$10.56 and a 12-month high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The business’s 50 day moving average is C$13.00 and its 200-day moving average is C$13.53. The stock has a market cap of C$9.49 billion, a P/E ratio of 43.64, a P/E/G ratio of -0.26 and a beta of 1.66.

Lundin Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s payout ratio is currently 128.57%.

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.