Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price gapped down before the market opened on Monday . The stock had previously closed at $27.39, but opened at $25.19. Lundin Mining shares last traded at $26.0530, with a volume of 4,017 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LUNMF. Royal Bank Of Canada reissued a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th. Barclays raised shares of Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a research report on Friday, May 15th. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research report on Monday, June 15th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lundin Mining presently has an average rating of “Hold”.

Lundin Mining Trading Down 6.9%

The company has a market cap of $20.89 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $27.90 and a 200-day simple moving average of $25.65.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%.The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. On average, 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.