Lundin Mining (OTCMKTS:LUNMF) Sees Unusually-High Trading Volume – Here’s What Happened

Lundin Mining Corp. (OTCMKTS:LUNMF) shares saw an uptick in trading volume on Thursday. Approximately 359,385 shares traded hands during mid-day trading, an increase of 95% from the previous session’s volume of 184,416 shares. The stock last traded at $21.44 and had previously closed at $22.7850.

Analysts Set New Price Targets

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

Lundin Mining Stock Down 0.3%

The company has a quick ratio of 1.05, a current ratio of 1.60 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $24.86 and a two-hundred day simple moving average of $26.00. The company has a market capitalization of $18.00 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.09 and a beta of 1.27.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Lundin Mining had a net margin of 31.82% and a return on equity of 13.18%. Equities analysts expect that Lundin Mining Corp. will post 1.32 EPS for the current 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.