Lundin Mining (OTCMKTS:LUNMF) Announces Quarterly Earnings Results

Lundin Mining (OTCMKTS:LUNMF) issued its earnings results on Wednesday. The basic materials company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02, Zacks reports. Lundin Mining had a net margin of 32.67% and a return on equity of 12.06%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion.

Lundin Mining Stock Up 2.0%

Shares of Lundin Mining stock traded up $0.54 on Friday, hitting $27.05. The company had a trading volume of 38,074 shares, compared to its average volume of 203,902. The firm has a market capitalization of $23.14 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.23 and a beta of 1.18. Lundin Mining has a twelve month low of $7.76 and a twelve month high of $33.29. 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 $26.44 and a 200-day moving average of $23.08.

Analysts Set New Price Targets

Several brokerages have commented on LUNMF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a research note on Tuesday, April 21st. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. National Bank Financial downgraded shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th. Finally, TD Securities reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.