Lundin Mining (OTCMKTS:LUNMF) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $26.29 and traded as high as $31.78. Lundin Mining shares last traded at $30.07, with a volume of 44,585 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. National Bank Financial cut shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a research note on Tuesday, April 21st. Finally, Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Performance

The company has a market cap of $25.72 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18. The firm’s fifty day moving average is $26.29 and its 200 day moving average is $23.59. The company has a current ratio of 1.64, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Lundin Mining had a net margin of 32.67% and a return on equity of 12.06%. As a group, research analysts predict that Lundin Mining Corp. will post 1.21 EPS for the current fiscal 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.