Cormark Issues Negative Forecast for Lundin Mining Earnings

Lundin Mining Co. (OTCMKTS:LUNMF - Free Report) - Research analysts at Cormark cut their Q1 2025 earnings per share estimates for shares of Lundin Mining in a research report issued to clients and investors on Tuesday, May 6th. Cormark analyst S. Ioannou now expects that the basic materials company will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.15. The consensus estimate for Lundin Mining's current full-year earnings is $0.53 per share. Cormark also issued estimates for Lundin Mining's Q2 2025 earnings at $0.14 EPS, FY2025 earnings at $0.59 EPS, Q1 2026 earnings at $0.19 EPS, Q2 2026 earnings at $0.19 EPS, Q3 2026 earnings at $0.19 EPS and Q4 2026 earnings at $0.19 EPS.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.10). The firm had revenue of $858.90 million during the quarter, compared to analyst estimates of $1.06 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%.

Several other research analysts also recently commented on LUNMF. Stifel Canada raised Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a research note on Monday. Canaccord Genuity Group upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. UBS Group downgraded shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, TD Securities raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Strong Buy".

Lundin Mining Price Performance

OTCMKTS:LUNMF opened at $8.37 on Wednesday. The firm has a market cap of $7.20 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 0.36 and a beta of 1.29. The company's 50-day moving average price is $8.17 and its two-hundred day moving average price is $8.77. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28. Lundin Mining has a 12 month low of $6.30 and a 12 month high of $13.26.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 24th were given a $0.0634 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a yield of 2.79%. Lundin Mining's payout ratio is -92.31%.

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.

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