Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Average Recommendation of “Hold” from Analysts

Lundin Mining Corp. (OTCMKTS:LUNMF) has been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several brokerages have weighed in on LUNMF. TD Securities reissued a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Monday. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Barclays raised shares of Lundin Mining to a “hold” rating in a report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a report on Friday, May 15th.

Lundin Mining Price Performance

Shares of LUNMF stock opened at $29.51 on Wednesday. The firm has a market cap of $25.25 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.37 and a beta of 1.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.29. Lundin Mining has a 1-year low of $9.56 and a 1-year high of $33.29. The firm has a fifty day moving average of $27.93 and a two-hundred day moving average of $25.37.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%. As a group, research analysts anticipate that Lundin Mining will post 1.18 earnings per share for the current fiscal 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.