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

Lundin Mining Corp. (OTCMKTS:LUNMF) shares gapped up before the market opened on Thursday . The stock had previously closed at $24.56, but opened at $27.32. Lundin Mining shares last traded at $25.22, with a volume of 2,877 shares.

Wall Street Analysts Forecast Growth

LUNMF has been the topic of a number of recent analyst reports. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Citigroup reiterated a “positive” rating on shares of Lundin Mining in a research report on Wednesday, July 15th. Barclays raised shares of Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a report on Friday, July 3rd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Lundin Mining Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.29. The firm has a market capitalization of $21.11 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.03 and a beta of 1.25. The business’s fifty day simple moving average is $26.01 and its 200 day simple moving average is $26.31.

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, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $1.16 billion for 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%. On average, research analysts forecast that Lundin Mining Corp. will post 1.34 EPS for the current 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.