Lundin Mining Corp. (OTCMKTS:LUNMF) Stock Now Rated “Hold” by Wall Street Analysts

Lundin Mining Corp. (OTCMKTS:LUNMF) has been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

LUNMF has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a report on Thursday, July 2nd. Canaccord Genuity Group downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, July 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. Finally, Dnb Carnegie raised Lundin Mining to a “hold” rating in a report on Friday, July 3rd.

Lundin Mining Trading Down 1.2%

OTCMKTS:LUNMF opened at $24.53 on Friday. The stock’s 50 day moving average price is $25.70 and its 200 day moving average price is $26.12. Lundin Mining has a 52 week low of $13.12 and a 52 week high of $33.29. The company has a market capitalization of $20.88 billion, a P/E ratio of 14.18, a P/E/G ratio of 1.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.60.

Lundin Mining (OTCMKTS:LUNMF) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Lundin Mining had a net margin of 31.82% and a return on equity of 13.18%. On average, research analysts forecast that Lundin Mining will post 1.28 EPS for the current fiscal year.

Lundin Mining Company Profile

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores for, develops and operates mines producing copper, zinc, nickel, gold, silver and other byproducts.

Lundin Mining’s operating portfolio includes the Candelaria copper-mining complex and Caserones copper-molybdenum mine in Chile; the Eagle nickel-copper mine in Michigan, United States; the Neves-Corvo copper-zinc mine in Portugal; and the Zinkgruvan zinc-lead-silver mine in Sweden.