Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF) shares gapped up before the market opened on Monday . The stock had previously closed at $28.91, but opened at $30.00. Lundin Mining shares last traded at $29.74, with a volume of 15,842 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LUNMF shares. Citigroup reiterated a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a report on Wednesday, February 4th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a research report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Lundin Mining Trading Down 3.4%

The company has a 50-day moving average price of $24.35 and a two-hundred day moving average price of $18.29. The stock has a market cap of $26.82 billion, a P/E ratio of 20.93, a P/E/G ratio of 0.62 and a beta of 1.24. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 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 10.45%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.18 billion. On average, research analysts expect that Lundin Mining Corp. will post 0.53 EPS 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.