Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – What’s Next?

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down prior to trading on Friday . The stock had previously closed at $27.42, but opened at $26.64. Lundin Mining shares last traded at $28.0856, with a volume of 3,422 shares.

Analyst Upgrades and Downgrades

LUNMF has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research note on Wednesday, February 4th. Citigroup reissued a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. Finally, Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Lundin Mining Trading Up 4.3%

The firm has a market cap of $24.18 billion, a PE ratio of 18.87, a PEG ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 1.17, a current ratio of 1.64 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $26.05 and its two-hundred day simple moving average is $21.54.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. The business had revenue of $1.30 billion for 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%. On average, sell-side analysts forecast that Lundin Mining Corp. will post 0.53 EPS 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.