Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – What’s Next?

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down before the market opened on Wednesday . The stock had previously closed at $25.59, but opened at $24.90. Lundin Mining shares last traded at $25.69, with a volume of 58,460 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Dnb Carnegie raised Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Citigroup reiterated a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th. Barclays raised shares of Lundin Mining to a “hold” rating in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Lundin Mining Trading Up 2.4%

The business has a 50-day moving average of $25.35 and a 200-day moving average of $26.40. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. The stock has a market cap of $22.37 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.06 and a beta of 1.26.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04). Lundin Mining had a return on equity of 13.41% and a net margin of 31.82%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, research analysts forecast that Lundin Mining Corp. will post 1.32 earnings per share 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.