Cormark Issues Positive Forecast for Lundin Mining Earnings

Lundin Mining Co. (OTCMKTS:LUNMF) – Research analysts at Cormark lifted their Q4 2024 earnings per share estimates for shares of Lundin Mining in a report issued 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 estimate 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 released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Lundin Mining had a net margin of 6.63% and a return on equity of 4.97%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at $9.59 on Thursday. The company has a 50 day moving average price of $9.99 and a 200 day moving average price of $10.51. The firm has a market capitalization of $7.45 billion, a P/E ratio of 26.63, a PEG ratio of 0.32 and a beta of 1.50. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.20. Lundin Mining has a 52 week low of $6.45 and a 52 week high of $13.26.

Lundin Mining Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, September 2nd were issued a $0.065 dividend. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 2.6%. Lundin Mining’s dividend payout ratio is currently 72.22%.

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.