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

Lundin Mining Co. (OTCMKTS:LUNMF) – Analysts at Cormark lowered their Q4 2024 EPS estimates for Lundin Mining in a note issued to investors on Tuesday, January 21st. Cormark analyst S. Ioannou now anticipates that the basic materials company will post earnings per share of $0.26 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 Stock Up 1.9 %

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

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings results 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). Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, December 2nd were paid a dividend of $0.0647 per share. This represents a yield of 2.56%. The ex-dividend date was Friday, November 29th. Lundin Mining’s dividend payout ratio (DPR) is presently 75.00%.

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.