Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Time to Sell?

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down prior to trading on Thursday . The stock had previously closed at $25.38, but opened at $22.48. Lundin Mining shares last traded at $24.41, with a volume of 4,945 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research note on Wednesday, February 4th. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. Finally, TD Securities reissued a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Lundin Mining Trading Down 1.5%

The company has a quick ratio of 1.17, a current ratio of 1.64 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $25.98 and its 200 day simple moving average is $20.86. The stock has a market capitalization of $21.36 billion, a P/E ratio of 16.67, a PEG ratio of 1.32 and a beta of 1.30.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.12. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.18 billion. Lundin Mining had a net margin of 30.48% and a return on equity of 10.02%. Equities research analysts anticipate 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.