Lundin Mining (OTCMKTS:LUNMF) Shares Up 11.3% Following Better-Than-Expected Earnings

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) rose 11.3% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $28.00 and last traded at $27.56. Approximately 7,302 shares were traded during trading, a decline of 96% from the average daily volume of 207,814 shares. The stock had previously closed at $24.7594.

The basic materials company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%.

Analyst Ratings Changes

Several research analysts recently commented on LUNMF shares. Citigroup reissued a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Lundin Mining Stock Up 2.6%

The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.15 and a beta of 1.18. The firm has a 50-day moving average price of $26.57 and a two-hundred day moving average price of $23.00. 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 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.