Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Should You Sell?

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down prior to trading on Monday . The stock had previously closed at $30.07, but opened at $28.51. Lundin Mining shares last traded at $29.17, with a volume of 1,758 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Citigroup reissued a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. National Bank Financial cut Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. One 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’s stock. According to data from MarketBeat, Lundin Mining currently has a consensus rating of “Moderate Buy”.

Lundin Mining Price Performance

The company has a market capitalization of $23.77 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.31 and a beta of 1.18. The firm’s fifty day moving average is $26.28 and its 200 day moving average is $23.68. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.64.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data 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 return on equity of 12.06% and a net margin of 32.67%.The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. As a group, analysts predict that Lundin Mining Corp. will post 1.21 earnings per share for the current fiscal year.

About Lundin Mining

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.