Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Here’s What Happened

by · The Markets Daily

Lundin Mining Corp. (OTCMKTS:LUNMF – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $26.63, but opened at $25.15. Lundin Mining shares last traded at $26.51, with a volume of 3,303 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. National Bank Financial cut shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th. TD Securities restated a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. Barclays upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a research note on Friday, May 15th. Finally, Citigroup restated a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Research Report on Lundin Mining

Lundin Mining Trading Down 2.7%

The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $27.66 and its 200 day simple moving average is $25.03. The stock has a market capitalization of $22.16 billion, a P/E ratio of 15.42, a PEG ratio of 1.32 and a beta of 1.20.

Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%. Equities research analysts anticipate that Lundin Mining Corp. will post 1.18 EPS for the current fiscal year.

Lundin Mining Company Profile

(Get Free Report)

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.

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