Lundin Mining (OTCMKTS:LUNMF) Issues Earnings Results, Misses Estimates By $0.04 EPS

Lundin Mining (OTCMKTS:LUNMF) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04), Zacks reports. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%.

Lundin Mining Stock Performance

Shares of OTCMKTS:LUNMF traded up $0.88 during midday trading on Wednesday, hitting $27.61. The company’s stock had a trading volume of 266,389 shares, compared to its average volume of 167,576. The stock has a market capitalization of $23.57 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.09 and a beta of 1.26. The stock’s 50 day simple moving average is $25.92 and its 200 day simple moving average is $26.36. Lundin Mining has a fifty-two week low of $10.15 and a fifty-two week high of $33.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.29 and a current ratio of 1.81.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Citigroup restated a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Finally, Barclays raised Lundin Mining to a “hold” rating in a research report on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lundin Mining has an average rating of “Hold”.

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.