Lundin Mining Corp. (OTCMKTS:LUNMF) Given Consensus Recommendation of “Hold” by Brokerages

Lundin Mining Corp. (OTCMKTS:LUNMF) has earned an average rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several research firms recently issued reports on LUNMF. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Royal Bank Of Canada restated a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Finally, Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, July 3rd.

Lundin Mining Stock Performance

LUNMF opened at $27.61 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. Lundin Mining has a 52-week low of $10.15 and a 52-week high of $33.29. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.09 and a beta of 1.26. The firm’s fifty day simple moving average is $25.92 and its two-hundred day simple moving average is $26.36.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%. Equities analysts anticipate that Lundin Mining will post 1.34 earnings per share for the current fiscal 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.