Lundin Mining (OTCMKTS:LUNMF) Stock Price Down 7.3% – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price traded down 7.3% on Tuesday . The stock traded as low as $27.1960 and last traded at $27.1960. 19,956 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 204,591 shares. The stock had previously closed at $29.34.

Wall Street Analyst Weigh In

A number of research firms recently commented on LUNMF. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research note on Tuesday. TD Securities reissued a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. National Bank Financial cut Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Lundin Mining Trading Down 1.6%

The firm has a market cap of $23.40 billion, a P/E ratio of 18.24, a PEG ratio of 1.40 and a beta of 1.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.17. The stock has a 50 day moving average of $26.65 and a 200 day moving average of $22.35.

Lundin Mining (OTCMKTS:LUNMF) last released its earnings results on Thursday, February 19th. The basic materials company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%.The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.18 billion. As a group, equities research analysts predict that Lundin Mining Corp. will post 1.11 EPS for the current year.

About Lundin Mining

Lundin Mining Corporation is a Canada-based diversified base metals mining company engaged in the acquisition, exploration, development, and operation of mines. The company’s portfolio encompasses copper, nickel, zinc, and lead, with by-products including gold and silver. Through its technical expertise and focus on cost-effective operations, Lundin Mining aims to maximize long-term value while meeting industry standards for safety and environmental stewardship.

Operationally, Lundin Mining holds interests in several producing assets across the Americas and Europe.