Lundin Mining (OTCMKTS:LUNMF) Announces Earnings Results, Beats Expectations By $0.02 EPS

Lundin Mining (OTCMKTS:LUNMF) released its quarterly earnings data on Wednesday. The basic materials company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02, Zacks reports. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%.

Lundin Mining Price Performance

OTCMKTS:LUNMF traded up $0.93 during mid-day trading on Thursday, reaching $27.55. 19,172 shares of the stock were exchanged, compared to its average volume of 205,506. The company has a current ratio of 1.64, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $26.57 and a 200 day moving average price of $23.00. Lundin Mining has a 1-year low of $7.76 and a 1-year high of $33.29. The firm has a market capitalization of $23.57 billion, a PE ratio of 18.37, a PEG ratio of 1.15 and a beta of 1.18.

Analyst Ratings Changes

Several research firms recently commented on LUNMF. National Bank Financial cut Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Finally, Raymond James Financial reissued a “market perform” rating on shares of Lundin Mining in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.