Lundin Mining (OTCMKTS:LUNMF) Trading 10.8% Higher – Here’s What Happened

Lundin Mining Corp. (OTCMKTS:LUNMF) traded up 10.8% during trading on Wednesday . The company traded as high as $27.85 and last traded at $27.68. 31,858 shares were traded during trading, a decline of 85% from the average session volume of 212,097 shares. The stock had previously closed at $24.9720.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Lundin Mining Trading Up 10.2%

The company has a market cap of $23.50 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The company’s 50 day moving average price is $25.98 and its 200 day moving average price is $21.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.64.

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. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Lundin Mining had a net margin of 30.48% and a return on equity of 10.02%. Research analysts anticipate that Lundin Mining Corp. will post 0.53 EPS for the current 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.