Lundin Mining (OTCMKTS:LUNMF) Announces Earnings Results

Lundin Mining (OTCMKTS:LUNMF) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04), Zacks reports. Lundin Mining had a return on equity of 13.41% and a net margin of 31.82%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion.

Lundin Mining Stock Performance

Lundin Mining stock traded down $0.21 during trading hours on Friday, hitting $26.55. 14,929 shares of the stock traded hands, compared to its average volume of 195,805. The firm’s 50 day moving average price is $25.85 and its 200-day moving average price is $26.38. The stock has a market capitalization of $22.67 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.12 and a beta of 1.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.29. Lundin Mining has a 1 year low of $10.78 and a 1 year high of $33.29.

Analyst Ratings Changes

Several research analysts have commented on LUNMF shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a report on Thursday, July 2nd. Barclays raised Lundin Mining to a “hold” rating in a research report on Friday, May 22nd. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, July 7th. Dnb Carnegie raised Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Lundin Mining in a research note on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Lundin Mining presently has an average rating of “Hold”.

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.