Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Here’s What Happened

Lundin Mining Corp. (OTCMKTS:LUNMF) gapped up prior to trading on Tuesday . The stock had previously closed at $26.00, but opened at $28.20. Lundin Mining shares last traded at $27.09, with a volume of 78,694 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently commented on LUNMF. Citigroup reiterated a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. National Bank Financial lowered Lundin Mining from an “outperform” rating to a “hold” rating in a report on Monday, February 16th. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Canadian Imperial Bank of Commerce reiterated 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 report on Monday, December 22nd. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Performance

The stock has a market cap of $23.15 billion, a PE ratio of 18.06, a P/E/G ratio of 10.98 and a beta of 1.16. The firm’s 50-day moving average is $25.99 and its 200 day moving average is $19.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.51.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.12. The company 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%. As a group, research analysts anticipate that Lundin Mining Corp. will post 0.53 EPS for the current year.

Lundin Mining Company Profile

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.