Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Time to Sell?

Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down before the market opened on Friday. The stock had previously closed at $22.7850, but opened at $21.03. Lundin Mining shares last traded at $21.0705, with a volume of 5,337 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LUNMF. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Tuesday, July 7th. Dnb Carnegie raised shares of Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Canaccord Genuity Group downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research report on Thursday, July 2nd. Finally, Citigroup restated a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Lundin Mining Price Performance

The company has a current ratio of 1.60, a quick ratio of 1.05 and a debt-to-equity ratio of 0.02. The stock has a market cap of $18.17 billion, a PE ratio of 12.34, a P/E/G ratio of 1.17 and a beta of 1.27. The company has a fifty day moving average of $24.94 and a 200-day moving average of $26.04.

Lundin Mining (OTCMKTS:LUNMF) last announced its earnings results 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 net margin of 31.82% and a return on equity of 13.18%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Sell-side analysts expect that Lundin Mining Corp. will post 1.32 EPS for the current fiscal year.

Lundin Mining Company Profile

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops, and operates mines that produce copper, zinc, gold, and silver, with copper representing its primary focus. Its products are sold to customers in industrial and metals markets.

Lundin Mining’s principal assets have included the Candelaria copper-gold-silver complex and Caserones copper-molybdenum mine in Chile, the Eagle nickel-copper mine in Michigan, and the Zinkgruvan zinc-lead-silver mine in Sweden.