Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company.

Several analysts have weighed in on LUNMF shares. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a research note on Wednesday, February 4th. Finally, National Bank Financial cut shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th.

Lundin Mining Stock Performance

LUNMF opened at $24.97 on Friday. Lundin Mining has a 1 year low of $6.30 and a 1 year high of $33.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.17. The business has a fifty day simple moving average of $25.98 and a 200 day simple moving average of $21.29. The company has a market capitalization of $21.34 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.12. Lundin Mining had a net margin of 30.48% and a return on equity of 10.02%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Research analysts expect that Lundin Mining will post 0.53 EPS for the current 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.