What is Cormark’s Estimate for Lundin Mining Q4 Earnings?

Lundin Mining Co. (OTCMKTS:LUNMF) – Stock analysts at Cormark reduced their Q4 2024 earnings estimates for shares of Lundin Mining in a research note issued on Tuesday, January 21st. Cormark analyst S. Ioannou now expects that the basic materials company will earn $0.26 per share for the quarter, down from their prior estimate 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 Trading Up 1.9 %

Shares of LUNMF stock opened at $8.65 on Thursday. The firm has a market cap of $7.51 billion, a P/E ratio of 24.03, a PEG ratio of 0.36 and a beta of 1.48. Lundin Mining has a 1-year low of $7.51 and a 1-year high of $13.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96. The firm’s 50-day simple moving average is $9.08 and its 200-day simple moving average is $9.68.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%.

Lundin Mining Cuts Dividend

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