Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

A number of analysts recently issued reports on the company. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. Finally, National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th.

Lundin Mining Stock Down 1.0%

Shares of OTCMKTS:LUNMF opened at $29.91 on Friday. The business has a 50-day moving average price of $26.78 and a 200 day moving average price of $24.45. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $25.59 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.46 and a beta of 1.18. Lundin Mining has a 12-month low of $8.95 and a 12-month high of $33.29.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%. Sell-side analysts expect that Lundin Mining will post 1.18 EPS 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.