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

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company.

LUNMF has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a research report on Friday, May 15th. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Barclays upgraded shares of Lundin Mining to a “hold” rating in a research report on Friday, May 22nd. Citigroup restated a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st.

Lundin Mining Trading Up 1.8%

Shares of OTCMKTS LUNMF opened at $28.69 on Friday. The firm’s 50 day moving average price is $26.54 and its 200-day moving average price is $24.33. The company has a market cap of $24.55 billion, a PE ratio of 17.08, a P/E/G ratio of 1.34 and a beta of 1.18. Lundin Mining has a 52-week low of $8.95 and a 52-week high of $33.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.81.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%. On average, equities research analysts expect that Lundin Mining will post 1.18 EPS for the current fiscal 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.