Lundin Mining (OTCMKTS:LUNMF) Reaches New 1-Year High – Here’s What Happened

Lundin Mining Corp. (OTCMKTS:LUNMF) shares hit a new 52-week high on Saturday . The stock traded as high as $28.95 and last traded at $28.91, with a volume of 196143 shares changing hands. The stock had previously closed at $26.03.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LUNMF. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a report on Wednesday, February 4th. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Citigroup reiterated a “buy” rating on shares of Lundin Mining in a report on Wednesday, February 11th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Lundin Mining in a research report on Wednesday, January 14th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Lundin Mining has an average rating of “Moderate Buy”.

Lundin Mining Trading Up 11.1%

The firm has a market capitalization of $24.70 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 0.59 and a beta of 1.24. The stock’s 50-day simple moving average is $23.89 and its two-hundred day simple moving average is $18.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 0.96.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.30 by $0.12. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.18 billion. Lundin Mining had a net margin of 30.48% and a return on equity of 10.45%. Equities research analysts expect 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.