Lundin Mining Corp. (OTCMKTS:LUNMF) Given Average Rating of “Moderate Buy” by Analysts

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have been given an average rating of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company.

Several analysts recently commented on the stock. TD Securities reissued a “buy” rating on shares of Lundin Mining in a research report on Monday, February 23rd. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a report on Wednesday, February 11th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a research note on Wednesday, February 4th. National Bank Financial cut shares of Lundin Mining from an “outperform” rating to a “hold” rating in a report on Monday, February 16th. Finally, Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd.

Lundin Mining Price Performance

Shares of OTCMKTS:LUNMF opened at $25.15 on Friday. The stock has a fifty day simple moving average of $26.02 and a two-hundred day simple moving average of $21.11. The stock has a market capitalization of $21.49 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.33 and a beta of 1.30. Lundin Mining has a 12-month low of $6.30 and a 12-month high of $33.29. The company has a current ratio of 1.64, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Lundin Mining (OTCMKTS:LUNMF) last released its earnings results on Thursday, February 19th. The basic materials company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.30 by $0.12. Lundin Mining had a return on equity of 10.02% 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. On average, research analysts anticipate that Lundin Mining will post 0.53 earnings per share 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.