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

Lundin Mining Corp. (OTCMKTS:LUNMF) gapped up before the market opened on Friday . The stock had previously closed at $23.85, but opened at $25.14. Lundin Mining shares last traded at $23.00, with a volume of 8,507 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Citigroup reaffirmed a “positive” rating on shares of Lundin Mining in a research note on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, July 7th. Finally, Barclays upgraded Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Four equities 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 presently has an average rating of “Hold”.

Lundin Mining Stock Performance

The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25. The stock’s 50-day simple moving average is $26.66 and its 200 day simple moving average is $26.09.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Analysts expect that Lundin Mining Corp. will post 1.32 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.