Q4 EPS Estimates for Lundin Mining Increased by Analyst

Lundin Mining Co. (OTCMKTS:LUNMF) – Equities research analysts at National Bank Financial boosted their Q4 2024 earnings per share (EPS) estimates for Lundin Mining in a report issued on Thursday, November 7th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $0.21 per share for the quarter, up from their prior forecast of $0.16. The consensus estimate for Lundin Mining’s current full-year earnings is $0.59 per share. National Bank Financial also issued estimates for Lundin Mining’s Q1 2025 earnings at $0.10 EPS and FY2026 earnings at $0.46 EPS.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data 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 return on equity of 4.97% and a net margin of 6.63%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion.

Lundin Mining Stock Performance

OTCMKTS:LUNMF opened at $9.63 on Monday. The company’s 50-day moving average is $9.95 and its two-hundred day moving average is $10.54. Lundin Mining has a 1-year low of $6.06 and a 1-year high of $13.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.00. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 0.34 and a beta of 1.50.

Lundin Mining Cuts Dividend

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