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

Lundin Mining Corp. (OTCMKTS:LUNMF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $25.38, but opened at $22.48. Lundin Mining shares last traded at $24.41, with a volume of 4,945 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. National Bank Financial lowered Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. Citigroup reissued a “buy” rating on shares of Lundin Mining in a report on Wednesday, February 11th. Finally, Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.17. The stock has a fifty day moving average price of $25.98 and a two-hundred day moving average price of $20.86. The company has a market cap of $21.36 billion, a P/E ratio of 16.67, a PEG ratio of 1.32 and a beta of 1.30.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%.The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.18 billion. On average, equities analysts forecast that Lundin Mining Corp. will post 0.53 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.