Lundin Mining Corp. (OTCMKTS:LUNMF) Given Average Recommendation of “Hold” by Analysts

Lundin Mining Corp. (OTCMKTS:LUNMF) has been assigned an average rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several brokerages have recently commented on LUNMF. Citigroup reissued a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a research note on Tuesday, April 21st. Canaccord Genuity Group cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a report on Thursday, July 2nd.

Lundin Mining Stock Performance

Shares of LUNMF opened at $26.40 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. Lundin Mining has a 52-week low of $10.78 and a 52-week high of $33.29. The company has a 50-day simple moving average of $25.54 and a 200-day simple moving average of $26.42. The company has a market capitalization of $22.54 billion, a PE ratio of 15.26, a P/E/G ratio of 1.07 and a beta of 1.26.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). Lundin Mining had a return on equity of 13.41% and a net margin of 31.82%.The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Equities research analysts predict that Lundin Mining will post 1.34 earnings per share for the current fiscal 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.