Cormark Has Pessimistic Outlook of Lundin Mining Q4 Earnings

Lundin Mining Co. (OTCMKTS:LUNMF - Free Report) - Cormark decreased their Q4 2024 earnings per share estimates for Lundin Mining in a report released on Tuesday, January 21st. Cormark analyst S. Ioannou now forecasts that the basic materials company will post earnings of $0.26 per share for the quarter, down from their prior forecast 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 (OTCMKTS:LUNMF - Get Free Report) last issued 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). The company had revenue of $1.07 billion during 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 5.02%.

Lundin Mining Stock Performance

LUNMF stock traded down $0.38 during trading on Thursday, reaching $8.41. 643,927 shares of the stock were exchanged, compared to its average volume of 285,848. 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 $7.30 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 0.36 and a beta of 1.48. The stock has a 50 day simple moving average of $9.12 and a 200-day simple moving average of $9.71.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, December 2nd were given a dividend of $0.0647 per share. This represents a dividend yield of 2.56%. The ex-dividend date was Friday, November 29th. Lundin Mining's dividend payout ratio 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.