Lundin Mining (OTCMKTS:LUNMF) Issues Earnings Results, Beats Estimates By $0.12 EPS

Lundin Mining (OTCMKTS:LUNMF) released its quarterly earnings results on Thursday. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12, Zacks reports. Lundin Mining had a return on equity of 10.45% and a net margin of 30.48%.The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.18 billion.

Lundin Mining Stock Up 11.1%

Shares of OTCMKTS LUNMF opened at $28.91 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. Lundin Mining has a 12 month low of $6.30 and a 12 month high of $28.95. The firm has a market capitalization of $24.70 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 0.53 and a beta of 1.24. The firm has a fifty day simple moving average of $23.89 and a two-hundred day simple moving average of $17.90.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. National Bank Financial cut shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research note on Wednesday, February 4th. Raymond James Financial restated a “market perform” rating on shares of Lundin Mining in a research report on Wednesday, January 14th. Citigroup reissued a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. Finally, Cormark upgraded Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lundin Mining presently has a consensus rating of “Moderate Buy”.

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.