Lundin Mining (OTCMKTS:LUNMF) Trading Up 6.3% – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF) shares rose 6.3% during trading on Tuesday . The company traded as high as $25.58 and last traded at $25.4480. Approximately 8,274 shares were traded during trading, a decline of 96% from the average daily volume of 196,328 shares. The stock had previously closed at $23.93.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LUNMF. Citigroup reissued a “positive” rating on shares of Lundin Mining in a research report on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Lundin Mining in a research note on Thursday, June 18th. Dnb Carnegie raised Lundin Mining to a “hold” rating in a report on Friday, July 3rd. Finally, Barclays raised Lundin Mining to a “hold” rating in a report on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Lundin Mining Stock Down 1.6%

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.29. The firm’s 50 day moving average price is $26.78 and its two-hundred day moving average price is $26.10. The firm has a market cap of $21.01 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.03 and a beta of 1.25.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%.The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. As a group, sell-side analysts forecast that Lundin Mining Corp. will post 1.32 earnings per share 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.