Lundin Mining (LUNMF) Set to Post Quarterly Earnings on Wednesday

Lundin Mining (OTCMKTS:LUNMF) is anticipated to post its results after the market closes on Wednesday, November 4th. Analysts expect Lundin Mining to announce earnings of $0.30 per share and revenue of $1.13 billion for the quarter.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. On average, analysts expect Lundin Mining to post $1.32 EPS for the current fiscal year and $1.43 EPS for the next fiscal year.

Lundin Mining Price Performance

LUNMF opened at $22.62 on Wednesday. The stock’s 50-day moving average price is $24.71 and its 200 day moving average price is $25.90. Lundin Mining has a 12-month low of $15.02 and a 12-month high of $33.29.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup reissued a “positive” rating on shares of Lundin Mining in a research report on Wednesday, July 15th. Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Canaccord Genuity Group cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Lundin Mining Company Profile

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.