Lundin Mining (LUNMF) Projected to Post Quarterly Earnings on Wednesday

Lundin Mining (OTCMKTS:LUNMF) is expected to be announcing its results after the market closes on Wednesday, August 5th. Analysts expect Lundin Mining to post earnings of $0.34 per share and revenue of $1.1927 billion for the quarter.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%. On average, analysts expect Lundin Mining to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lundin Mining Price Performance

LUNMF opened at $24.73 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.29. The company has a market capitalization of $21.11 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 1.01 and a beta of 1.26. The firm’s fifty day moving average price is $26.01 and its two-hundred day moving average price is $26.32. Lundin Mining has a 1 year low of $9.56 and a 1 year high of $33.29.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LUNMF. Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a report on Friday, July 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. Barclays upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Finally, Citigroup restated a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.