Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

LUNMF has been the subject of several research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th. Barclays upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a research report on Thursday, July 2nd. Finally, Canaccord Genuity Group lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th.

Lundin Mining Stock Performance

OTCMKTS LUNMF opened at $27.97 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.29. Lundin Mining has a one year low of $11.21 and a one year high of $33.29. The firm has a market cap of $23.88 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.09 and a beta of 1.26. The stock’s 50-day moving average is $25.37 and its 200-day moving average is $26.52.

Lundin Mining (OTCMKTS:LUNMF) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Lundin Mining had a return on equity of 13.41% and a net margin of 31.82%. Sell-side analysts anticipate that Lundin Mining will post 1.28 earnings per share 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.