Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Average Recommendation of “Hold” from Analysts

Lundin Mining Corp. (OTCMKTS:LUNMF) has been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

LUNMF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research report on Thursday, July 2nd. Dnb Carnegie raised shares of Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Barclays raised shares of Lundin Mining to a “hold” rating in a report on Friday, May 22nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Lundin Mining in a research note on Thursday, June 18th. Finally, Citigroup reissued a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th.

Lundin Mining Price Performance

Shares of LUNMF opened at $25.62 on Monday. The business’s 50-day moving average is $25.55 and its two-hundred day moving average is $26.53. The company has a market capitalization of $21.81 billion, a P/E ratio of 14.81, a P/E/G ratio of 1.01 and a beta of 1.29. Lundin Mining has a fifty-two week low of $11.44 and a fifty-two week high of $33.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.60.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). Lundin Mining had a net margin of 31.82% and a return on equity of 13.18%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Research analysts predict that Lundin Mining will post 1.27 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.