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

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down prior to trading on Wednesday . The stock had previously closed at $26.63, but opened at $25.15. Lundin Mining shares last traded at $26.51, with a volume of 3,303 shares.

Wall Street Analyst Weigh In

LUNMF has been the subject of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. Barclays upgraded Lundin Mining to a “hold” rating in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Finally, National Bank Financial cut Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Lundin Mining presently has an average rating of “Hold”.

Lundin Mining Trading Up 2.8%

The firm has a market capitalization of $22.59 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.29 and a current ratio of 1.81. The firm has a 50 day moving average price of $27.75 and a two-hundred day moving average price of $25.16.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%. On average, equities research analysts expect that Lundin Mining Corp. will post 1.18 EPS for the current fiscal 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.