Lundin Mining (OTCMKTS:LUNMF) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Lundin Mining (OTCMKTS:LUNMF) posted its earnings results on Wednesday. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02, Zacks reports. Lundin Mining had a net margin of 31.82% and a return on equity of 13.18%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.13 billion.

Lundin Mining Trading Down 9.0%

LUNMF traded down $2.03 during trading on Thursday, hitting $20.47. The company’s stock had a trading volume of 16,303 shares, compared to its average volume of 196,223. Lundin Mining has a twelve month low of $16.25 and a twelve month high of $33.29. The company has a quick ratio of 1.05, a current ratio of 1.60 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $24.12 and its 200-day moving average price is $25.83. The firm has a market capitalization of $17.43 billion, a P/E ratio of 11.83, a PEG ratio of 1.09 and a beta of 1.24.

Analyst Ratings Changes

LUNMF has been the topic of a number of recent research reports. Canaccord Genuity Group lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Citigroup reissued a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Lundin Mining

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops, and operates mines that produce copper, zinc, gold, and silver, with copper representing its primary focus. Its products are sold to customers in industrial and metals markets.

Lundin Mining’s principal assets have included the Candelaria copper-gold-silver complex and Caserones copper-molybdenum mine in Chile, the Eagle nickel-copper mine in Michigan, and the Zinkgruvan zinc-lead-silver mine in Sweden.