Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Should You Sell?

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down prior to trading on Monday . The stock had previously closed at $30.07, but opened at $28.51. Lundin Mining shares last traded at $29.17, with a volume of 1,758 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on LUNMF shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research report on Friday. National Bank Financial lowered Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th. TD Securities reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Lundin Mining Price Performance

The company’s 50 day simple moving average is $26.33 and its 200 day simple moving average is $23.84. 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 stock has a market cap of $23.34 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.29 and a beta of 1.18.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. Lundin Mining had a net margin of 32.67% and a return on equity of 12.06%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. As a group, equities analysts forecast that Lundin Mining Corp. will post 1.21 earnings per share 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.