Cormark Brokers Boost Earnings Estimates for Lundin Mining

Lundin Mining Co. (OTCMKTS:LUNMF) – Equities research analysts at Cormark raised their Q4 2024 EPS estimates for Lundin Mining in a report issued on Tuesday, November 12th. Cormark analyst S. Ioannou now expects that the basic materials company will earn $0.41 per share for the quarter, up from their prior 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 issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Lundin Mining had a return on equity of 4.97% and a net margin of 6.63%.

Lundin Mining Trading Up 3.0 %

Shares of OTCMKTS:LUNMF opened at $9.58 on Thursday. The business’s 50-day moving average is $9.96 and its 200 day moving average is $10.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.00. Lundin Mining has a 1 year low of $6.45 and a 1 year high of $13.26. The firm has a market capitalization of $7.44 billion, a P/E ratio of 26.61, a P/E/G ratio of 0.33 and a beta of 1.50.

Lundin Mining Cuts Dividend

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