Cormark Has Pessimistic Outlook of Lundin Mining Q4 Earnings

Lundin Mining Co. (TSE:LUN) – Stock analysts at Cormark lowered their Q4 2024 earnings per share (EPS) estimates for Lundin Mining in a research note issued to investors on Tuesday, January 21st. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.37 for the quarter, down from their prior estimate of $0.57. Cormark also issued estimates for Lundin Mining’s FY2025 earnings at $1.04 EPS.

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

A number of other research firms have also weighed in on LUN. Jefferies Financial Group lowered their target price on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Raymond James reduced their price target on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a report on Thursday, January 16th. Ventum Financial boosted their price target on Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, UBS Group reduced their price target on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$17.31.

Lundin Mining Trading Down 4.2 %

TSE LUN opened at C$12.09 on Thursday. Lundin Mining has a 1-year low of C$10.14 and a 1-year high of C$17.97. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. The stock has a 50-day moving average of C$13.02 and a 200-day moving average of C$13.55. The firm has a market cap of C$9.39 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Lundin Mining Dividend Announcement

The business 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. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 2.98%. Lundin Mining’s 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.