What is Cormark's Forecast for Lundin Mining Q4 Earnings?

Lundin Mining Co. (TSE:LUN - Free Report) - Equities researchers at Cormark cut their Q4 2024 earnings per share (EPS) estimates for shares of Lundin Mining in a report issued on Tuesday, January 21st. Cormark analyst S. Ioannou now expects that the mining company will earn $0.37 per share for the quarter, down from their prior forecast of $0.57. Cormark also issued estimates for Lundin Mining's FY2025 earnings at $1.04 EPS.

Lundin Mining (TSE:LUN - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. The company had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion.

LUN has been the subject of a number of other research reports. Raymond James lowered their price objective on shares of Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group reduced their price objective on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. UBS Group cut their target price on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Ventum Financial increased their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Finally, Scotiabank cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Lundin Mining currently has an average rating of "Moderate Buy" and an average target price of C$17.31.

Lundin Mining Stock Performance

TSE:LUN traded up C$0.09 during trading hours on Thursday, reaching C$12.18. 1,311,303 shares of the stock were exchanged, compared to its average volume of 2,432,268. Lundin Mining has a 52 week low of C$10.56 and a 52 week high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The stock has a market capitalization of C$9.46 billion, a P/E ratio of 43.50, a P/E/G ratio of -0.26 and a beta of 1.66. The firm has a 50 day simple moving average of C$13.00 and a 200-day simple moving average of C$13.53.

Lundin Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Friday, November 29th. Lundin Mining's dividend payout ratio (DPR) is presently 128.57%.

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.