Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $29.34, but opened at $27.57. Lundin Mining shares last traded at $27.77, with a volume of 3,172 shares trading hands.

Analyst Ratings Changes

LUNMF has been the topic of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a report on Tuesday, February 24th. TD Securities restated a “buy” rating on shares of Lundin Mining in a research report on Monday, February 23rd. Citigroup reissued a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Lundin Mining presently has an average rating of “Moderate Buy”.

Lundin Mining Stock Up 2.5%

The stock has a 50-day simple moving average of $26.63 and a 200-day simple moving average of $22.31. The firm has a market capitalization of $23.91 billion, a PE ratio of 18.63, a P/E/G ratio of 1.51 and a beta of 1.30. The company has a quick ratio of 1.17, a current ratio of 1.64 and a debt-to-equity ratio of 0.03.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.12. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%. Analysts forecast that Lundin Mining Corp. will post 1.11 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.