Lundin Mining (LUNMF) Set to Announce Quarterly Earnings on Wednesday

Lundin Mining (OTCMKTS:LUNMF) is expected to announce its results after the market closes on Wednesday, November 4th. Analysts expect Lundin Mining to announce earnings of $0.30 per share and revenue of $1.13 billion for the quarter.

Lundin Mining (OTCMKTS:LUNMF) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04). Lundin Mining had a net margin of 31.82% and a return on equity of 13.18%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, analysts expect Lundin Mining to post $1.32 EPS for the current fiscal year and $1.43 EPS for the next fiscal year.

Lundin Mining Stock Up 3.3%

LUNMF stock opened at $21.39 on Tuesday. The firm has a market cap of $18.21 billion, a PE ratio of 12.36, a P/E/G ratio of 1.17 and a beta of 1.27. Lundin Mining has a 12 month low of $15.05 and a 12 month high of $33.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.60 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $24.35 and a 200 day simple moving average of $25.86.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Canaccord Genuity Group cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Finally, Citigroup reissued a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

About Lundin Mining

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.