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

Lundin Mining Corp. (OTCMKTS:LUNMF) gapped up before the market opened on Wednesday . The stock had previously closed at $28.28, but opened at $30.56. Lundin Mining shares last traded at $28.3825, with a volume of 8,646 shares.

Analyst Ratings Changes

LUNMF has been the subject of a number of analyst reports. Citigroup reissued a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. National Bank Financial downgraded shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th. TD Securities reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Monday, February 23rd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Lundin Mining Stock Performance

The firm has a fifty day simple moving average of $25.34 and a 200-day simple moving average of $18.98. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.05. The company has a market cap of $24.51 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 13.14 and a beta of 1.16.

Lundin Mining (OTCMKTS:LUNMF) last announced its earnings results on Thursday, February 19th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Lundin Mining had a return on equity of 10.45% and a net margin of 30.48%. On average, research analysts forecast that Lundin Mining Corp. will post 0.53 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.