Cormark Has Pessimistic Outlook of Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Investment analysts at Cormark dropped 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 previous forecast of $0.57. Cormark also issued estimates for Lundin Mining’s FY2025 earnings at $1.04 EPS.

Lundin Mining (TSE:LUN) last released its quarterly earnings results 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). The firm had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

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

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at C$12.09 on Thursday. Lundin Mining has a one year low of C$10.14 and a one year high of C$17.97. The stock’s fifty day moving average is C$13.02 and its 200 day moving average is C$13.55. The stock has a market cap of C$9.39 billion, a P/E ratio of 43.18, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49.

Lundin Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Friday, November 29th. Lundin Mining’s dividend payout ratio 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.