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

Lundin Mining Corp. (OTCMKTS:LUNMF) shares gapped down prior to trading on Thursday . The stock had previously closed at $25.56, but opened at $24.31. Lundin Mining shares last traded at $24.34, with a volume of 3,816 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, July 7th. Royal Bank Of Canada restated a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Canaccord Genuity Group downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Lundin Mining Price Performance

The company has a market capitalization of $20.63 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.00 and a beta of 1.29. The company has a current ratio of 1.60, a quick ratio of 1.05 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average price of $25.69 and a 200 day moving average price of $26.12.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Lundin Mining had a net margin of 31.82% and a return on equity of 13.18%. As a group, equities research analysts forecast that Lundin Mining Corp. will post 1.28 earnings per share for the current year.

Lundin Mining Company Profile

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores for, develops and operates mines producing copper, zinc, nickel, gold, silver and other byproducts.

Lundin Mining’s operating portfolio includes the Candelaria copper-mining complex and Caserones copper-molybdenum mine in Chile; the Eagle nickel-copper mine in Michigan, United States; the Neves-Corvo copper-zinc mine in Portugal; and the Zinkgruvan zinc-lead-silver mine in Sweden.