Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $28.28, but opened at $30.56. Lundin Mining shares last traded at $28.3825, with a volume of 8,646 shares traded.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. Citigroup reissued a “buy” rating on shares of Lundin Mining in a report on Wednesday, February 11th. TD Securities reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Monday, February 23rd. Finally, Raymond James Financial reissued a “market perform” rating on shares of Lundin Mining in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Up 1.4%

The business’s fifty day simple moving average is $25.34 and its two-hundred day simple moving average is $18.98. The company has a market cap of $24.51 billion, a PE ratio of 19.13, a PEG ratio of 13.14 and a beta of 1.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 0.96.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.30 by $0.12. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.18 billion. Lundin Mining had a return on equity of 10.45% and a net margin of 30.48%. On average, analysts predict that Lundin Mining Corp. will post 0.53 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.