Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have issued a strong buy recommendation on the company.

Several equities analysts have recently weighed in on the stock. Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a report on Wednesday, January 14th. Cormark upgraded Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research note on Tuesday, February 24th.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at $25.54 on Monday. The business has a 50-day moving average price of $25.68 and a two-hundred day moving average price of $19.31. Lundin Mining has a 1-year low of $6.30 and a 1-year high of $33.29. The company has a market cap of $21.82 billion, a P/E ratio of 17.03, a PEG ratio of 10.50 and a beta of 1.15. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.42 earnings per share (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 analyst estimates of $1.18 billion. Lundin Mining had a return on equity of 10.45% and a net margin of 30.48%. As a group, analysts anticipate that Lundin Mining 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.