Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Should You Sell?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $28.19, but opened at $26.13. Lundin Mining shares last traded at $28.10, with a volume of 8,618 shares traded.

Analyst Ratings Changes

LUNMF has been the topic of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. TD Securities restated a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Finally, Barclays raised shares of Lundin Mining to a “hold” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Lundin Mining Stock Up 1.9%

The company has a quick ratio of 1.17, a current ratio of 1.64 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $24.57 billion, a P/E ratio of 17.10, a PEG ratio of 1.29 and a beta of 1.18. The firm has a 50-day moving average price of $26.47 and a two-hundred day moving average price of $24.25.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Lundin Mining had a return on equity of 12.06% and a net margin of 32.67%. Equities research analysts anticipate that Lundin Mining Corp. will post 1.18 EPS for the current fiscal 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.