Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Here’s What Happened

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $26.53, but opened at $29.99. Lundin Mining shares last traded at $27.55, with a volume of 7,021 shares changing hands.

Wall Street Analyst Weigh In

LUNMF has been the subject of several research analyst reports. TD Securities restated a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Citigroup restated a “buy” rating on shares of Lundin Mining in a report on Wednesday, February 11th. Barclays upgraded shares of Lundin Mining to a “hold” rating in a report on Friday, May 22nd. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Lundin Mining Stock Performance

The firm’s 50-day moving average is $27.66 and its 200 day moving average is $25.03. The stock has a market cap of $22.78 billion, a PE ratio of 15.85, a P/E/G ratio of 1.32 and a beta of 1.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.29 and a current ratio of 1.81.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. As a group, research analysts anticipate that Lundin Mining Corp. will post 1.18 EPS 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.