Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Average Rating of “Hold” from Brokerages

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have earned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of research firms have recently weighed in on LUNMF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Finally, Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th.

Lundin Mining Stock Performance

Shares of LUNMF stock traded up $0.32 during trading hours on Friday, reaching $24.66. The stock had a trading volume of 116,689 shares, compared to its average volume of 247,175. The firm has a market capitalization of $21.09 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.05 and a beta of 1.25. The firm has a 50-day simple moving average of $26.85 and a 200-day simple moving average of $26.00. Lundin Mining has a twelve month low of $9.56 and a twelve month high of $33.29. 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 (OTCMKTS:LUNMF) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. As a group, equities analysts forecast that Lundin Mining will post 1.32 earnings per share for the current 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.