Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Still a Buy?

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped up before the market opened on Tuesday . The stock had previously closed at $26.00, but opened at $28.20. Lundin Mining shares last traded at $27.09, with a volume of 78,694 shares.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LUNMF shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a report on Tuesday, February 24th. Citigroup reiterated 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 report on Monday, February 23rd. Raymond James Financial reissued a “market perform” rating on shares of Lundin Mining in a report on Wednesday, January 14th. Finally, Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Lundin Mining Stock Performance

The company has a market cap of $23.28 billion, a PE ratio of 18.17, a P/E/G ratio of 10.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.51. The stock’s 50-day simple moving average is $25.78 and its 200 day simple moving average is $19.42.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.18 billion. Lundin Mining had a net margin of 30.48% and a return on equity of 10.45%. As a group, equities analysts anticipate that Lundin Mining Corp. will post 0.53 EPS for the current 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.