Brokers Set Expectations for Lundin Mining Q4 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF) – Research analysts at National Bank Financial boosted their Q4 2024 EPS estimates for shares of Lundin Mining in a research report issued on Thursday, November 7th. National Bank Financial analyst S. Nagle now expects that the basic materials company will earn $0.21 per share for the quarter, up from their previous 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 Trading Down 2.1 %

Shares of OTCMKTS:LUNMF opened at $9.63 on Monday. Lundin Mining has a 1 year low of $6.06 and a 1 year high of $13.26. The firm has a market capitalization of $7.48 billion, a P/E ratio of 26.75, a P/E/G ratio of 0.34 and a beta of 1.50. 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 business’s 50-day moving average is $9.95 and its 200 day moving average is $10.54.

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 the consensus estimate of $0.18 by ($0.09). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 4.97%.

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 paid a dividend of $0.065 per share. 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.