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

Lundin Mining Corp. (OTCMKTS:LUNMF) shares gapped up before the market opened on Monday . The stock had previously closed at $25.15, but opened at $26.21. Lundin Mining shares last traded at $25.00, with a volume of 5,887 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on LUNMF shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a report on Tuesday, February 24th. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. National Bank Financial lowered shares of Lundin Mining from an “outperform” rating to a “hold” rating in a report on Monday, February 16th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research note on Wednesday, February 4th. Two 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Lundin Mining Stock Performance

The stock has a market cap of $21.45 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $26.02 and its two-hundred day simple moving average is $21.11.

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. Lundin Mining had a net margin of 30.48% and a return on equity of 10.02%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.18 billion. As a group, research analysts forecast 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.