Brokers Issue Forecasts for Lundin Mining Q4 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF) – Stock analysts at Ventum Cap Mkts issued their Q4 2024 earnings estimates for shares of Lundin Mining in a research report issued to clients and investors on Thursday, November 21st. Ventum Cap Mkts analyst C. Mackay forecasts that the basic materials company will post earnings of $0.22 per share for the quarter. The consensus estimate for Lundin Mining’s current full-year earnings is $0.58 per share. Ventum Cap Mkts also issued estimates for Lundin Mining’s Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.12 EPS and Q3 2025 earnings at $0.12 EPS.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The firm had revenue of $1.07 billion during 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 Trading Up 0.2 %

Shares of OTCMKTS:LUNMF opened at $10.12 on Monday. Lundin Mining has a 52-week low of $6.51 and a 52-week high of $13.26. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 0.36 and a beta of 1.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.00 and a current ratio of 1.40. The stock’s 50-day simple moving average is $10.13 and its two-hundred day simple moving average is $10.46.

Lundin Mining Cuts Dividend

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