Cormark Analysts Cut Earnings Estimates for Lundin Mining

Lundin Mining Co. (OTCMKTS:LUNMF) – Investment analysts at Cormark cut their Q4 2024 earnings per share (EPS) estimates for Lundin Mining in a report issued on Tuesday, January 21st. Cormark analyst S. Ioannou now forecasts that the basic materials company will post earnings per share of $0.26 for the quarter, down from their prior forecast 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 results on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The firm had revenue of $1.07 billion for 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 Stock Up 1.0 %

Shares of LUNMF opened at $8.49 on Thursday. The company has a market capitalization of $7.37 billion, a P/E ratio of 23.58, a PEG ratio of 0.36 and a beta of 1.48. Lundin Mining has a one year low of $7.51 and a one year high of $13.26. The business’s 50 day simple moving average is $9.10 and its 200-day simple moving average is $9.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96.

Lundin Mining Cuts Dividend

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