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

Lundin Mining Corp. (OTCMKTS:LUNMF) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of equities analysts have recently commented on LUNMF shares. TD Securities reissued a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a research note on Tuesday, April 21st. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research note on Monday. Barclays raised shares of Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a research note on Friday, May 15th.

Lundin Mining Stock Performance

Shares of LUNMF stock opened at $29.51 on Wednesday. The company’s fifty day simple moving average is $27.93 and its 200-day simple moving average is $25.37. Lundin Mining has a 52 week low of $9.56 and a 52 week high of $33.29. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. The company has a market cap of $25.25 billion, a PE ratio of 17.57, a P/E/G ratio of 1.37 and a beta of 1.20.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.31 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 business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. As a group, equities research analysts anticipate that Lundin Mining will post 1.18 EPS 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.