Q4 Earnings Forecast for Lundin Mining Issued By Cormark

Lundin Mining Co. (OTCMKTS:LUNMF) – Equities researchers at Cormark upped their Q4 2024 EPS estimates for Lundin Mining in a research report issued on Tuesday, November 12th. Cormark analyst S. Ioannou now anticipates that the basic materials company will post earnings per share of $0.41 for the quarter, up from their previous 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 Price Performance

Shares of LUNMF stock opened at $9.59 on Thursday. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 0.32 and a beta of 1.50. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.20. Lundin Mining has a twelve month low of $6.45 and a twelve month high of $13.26. The stock has a fifty day simple moving average of $9.99 and a two-hundred day simple moving average of $10.51.

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 analysts’ consensus estimates of $0.18 by ($0.09). The company 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 4.97%.

Lundin Mining Cuts Dividend

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