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

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

Several research firms recently commented on LUNMF. National Bank Financial downgraded shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th. Raymond James Financial reissued a “market perform” rating on shares of Lundin Mining in a research report on Wednesday, January 14th. TD Securities reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Monday, February 23rd. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a report on Wednesday, February 4th.

Lundin Mining Price Performance

LUNMF opened at $25.15 on Friday. The business has a fifty day moving average of $26.01 and a 200 day moving average of $20.89. The stock has a market cap of $21.49 billion, a P/E ratio of 16.77, a PEG ratio of 1.34 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. Lundin Mining has a 52-week low of $6.30 and a 52-week high of $33.29.

Lundin Mining (OTCMKTS:LUNMF) last released its earnings results 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 analyst estimates of $1.18 billion. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%. As a group, sell-side 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.