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

Lundin Mining Co. (TSE:LUN - Free Report) - Research analysts at Cormark lifted their Q4 2024 earnings estimates for Lundin Mining in a report released on Tuesday, November 12th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.57 for the quarter, up from their previous estimate of $0.42.

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

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada lowered their price target on Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating for the company in a report on Tuesday, September 10th. Haywood Securities upgraded Lundin Mining from a "hold" rating to a "buy" rating and set a C$17.00 target price on the stock in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised shares of Lundin Mining from a "neutral" rating to an "overweight" rating and reduced their target price for the company from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Ventum Financial increased their price objective on Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Finally, Scotiabank raised Lundin Mining from a "sector perform" rating to an "outperform" rating and decreased their price target for the stock from C$18.00 to C$16.00 in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Lundin Mining currently has an average rating of "Moderate Buy" and a consensus price target of C$17.98.

Lundin Mining Stock Up 1.0 %

LUN traded up C$0.13 during trading hours on Friday, reaching C$13.57. 2,128,279 shares of the stock traded hands, compared to its average volume of 2,365,265. Lundin Mining has a fifty-two week low of C$8.84 and a fifty-two week high of C$17.97. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The company has a market cap of C$10.54 billion, a price-to-earnings ratio of 48.46, a PEG ratio of -0.26 and a beta of 1.66. The firm's fifty day simple moving average is C$13.61 and its two-hundred day simple moving average is C$14.45.

Insider Activity at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin purchased 65,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of C$12.55 per share, for a total transaction of C$815,854.00. 15.70% of the stock is currently owned by insiders.

Lundin Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Friday, November 29th. Lundin Mining's dividend payout ratio is currently 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.