Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Should You Sell?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price gapped down before the market opened on Monday . The stock had previously closed at $30.07, but opened at $28.51. Lundin Mining shares last traded at $29.17, with a volume of 1,758 shares.

Wall Street Analyst Weigh In

LUNMF has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Citigroup restated a “buy” rating on shares of Lundin Mining in a report on Wednesday, February 11th. National Bank Financial lowered Lundin Mining from an “outperform” rating to a “hold” rating in a report on Monday, February 16th. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Lundin Mining currently has a consensus rating of “Moderate Buy”.

Lundin Mining Price Performance

The company has a market cap of $23.77 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.64. The stock has a 50 day moving average of $26.28 and a 200-day moving average of $23.68.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Lundin Mining had a return on equity of 12.06% and a net margin of 32.67%. Equities analysts predict that Lundin Mining Corp. will post 1.21 earnings per share for the current 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.