Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Should You Buy?

by · The Markets Daily

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $25.62, but opened at $27.59. Lundin Mining shares last traded at $27.49, with a volume of 827 shares traded.

Wall Street Analysts Forecast Growth

LUNMF has been the subject of several research analyst reports. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, July 7th. Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Citigroup reaffirmed a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th. Canaccord Genuity Group lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Lundin Mining currently has an average rating of “Hold”.

Get Our Latest Stock Report on Lundin Mining

Lundin Mining Trading Down 1.8%

The firm has a market cap of $22.68 billion, a P/E ratio of 15.40, a PEG ratio of 1.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.60 and a quick ratio of 1.05. The stock has a 50 day moving average of $25.64 and a 200 day moving average of $26.54.

Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). Lundin Mining had a return on equity of 13.18% and a net margin of 31.82%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, equities research analysts predict that Lundin Mining Corp. will post 1.27 EPS for the current year.

Lundin Mining Company Profile

(Get Free Report)

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.

Further Reading