Lundin Mining (OTCMKTS:LUNMF) Releases Earnings Results

Lundin Mining (OTCMKTS:LUNMF) released its quarterly earnings data on Wednesday. The basic materials company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04), Zacks reports. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%.

Lundin Mining Price Performance

Shares of LUNMF stock opened at $27.61 on Thursday. 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 company has a market capitalization of $23.57 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.26. The firm’s 50-day moving average is $25.92 and its two-hundred day moving average is $26.36. Lundin Mining has a 12 month low of $10.15 and a 12 month high of $33.29.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. 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 note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Barclays raised Lundin Mining to a “hold” rating in a report on Friday, May 22nd. Finally, Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Lundin Mining presently has a consensus rating of “Hold”.

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.