Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts have recently weighed in on LUNMF shares. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Citigroup restated a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research report on Friday, May 15th. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Finally, TD Securities reissued a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd.

Lundin Mining Stock Down 0.9%

Lundin Mining stock opened at $27.28 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.64. The firm has a market capitalization of $23.34 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18. Lundin Mining has a fifty-two week low of $8.95 and a fifty-two week high of $33.29. The stock’s fifty day moving average is $26.39 and its two-hundred day moving average is $24.02.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Lundin Mining had a return on equity of 12.06% and a net margin of 32.67%. Analysts predict that Lundin Mining will post 1.18 EPS for the current fiscal year.

Lundin Mining Company Profile

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.