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

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down before the market opened on Thursday . The stock had previously closed at $26.60, but opened at $25.00. Lundin Mining shares last traded at $26.25, with a volume of 5,057 shares changing hands.

Analyst Ratings Changes

LUNMF has been the topic of several recent research reports. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research report on Thursday, July 2nd. Dnb Carnegie raised Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Barclays upgraded shares of Lundin Mining to a “hold” rating in a report on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Lundin Mining in a research note on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Lundin Mining Trading Down 0.7%

The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. The company has a market cap of $21.77 billion, a PE ratio of 15.18, a PEG ratio of 1.05 and a beta of 1.25. The stock has a 50 day moving average price of $26.27 and a 200 day moving average price of $26.24.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%. Sell-side analysts predict that Lundin Mining Corp. will post 1.33 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.