Lundin Mining (OTCMKTS:LUNMF) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Lundin Mining (OTCMKTS:LUNMF) released its earnings results on Wednesday. The basic materials company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02, Zacks reports. Lundin Mining had a net margin of 31.82% and a return on equity of 13.18%.

Lundin Mining Stock Performance

Lundin Mining stock traded up $1.26 during trading hours on Wednesday, hitting $22.56. 594,353 shares of the stock traded hands, compared to its average volume of 194,382. The firm’s 50 day moving average price is $24.23 and its 200-day moving average price is $25.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.60 and a quick ratio of 1.05. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 1.10 and a beta of 1.24. Lundin Mining has a 1 year low of $15.05 and a 1 year high of $33.29.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Canaccord Genuity Group lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Tuesday, July 7th. Finally, Citigroup reiterated a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Lundin Mining Company Profile

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops, and operates mines that produce copper, zinc, gold, and silver, with copper representing its primary focus. Its products are sold to customers in industrial and metals markets.

Lundin Mining’s principal assets have included the Candelaria copper-gold-silver complex and Caserones copper-molybdenum mine in Chile, the Eagle nickel-copper mine in Michigan, and the Zinkgruvan zinc-lead-silver mine in Sweden.