Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Time to Sell?

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down prior to trading on Thursday . The stock had previously closed at $25.38, but opened at $22.48. Lundin Mining shares last traded at $24.41, with a volume of 4,945 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LUNMF shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research report on Wednesday, February 4th. Finally, Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Lundin Mining Price Performance

The company has a current ratio of 1.64, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $21.49 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The business’s 50-day simple moving average is $26.02 and its 200-day simple moving average is $20.98.

Lundin Mining (OTCMKTS:LUNMF) last released 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 business 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 10.02%. As a group, equities research analysts anticipate 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.