Lundin Mining (OTCMKTS:LUNMF) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS
by Renee Jackson · The Cerbat GemLundin Mining (OTCMKTS:LUNMF – Get Free Report) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02, Zacks reports. Lundin Mining had a net margin of 30.48% and a return on equity of 10.02%.
Lundin Mining Stock Performance
Shares of Lundin Mining stock traded up $1.83 during trading hours on Wednesday, hitting $26.59. 37,446 shares of the company were exchanged, compared to its average volume of 207,662. The company has a current ratio of 1.64, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $26.64 and a 200-day moving average of $22.92. Lundin Mining has a 1 year low of $7.76 and a 1 year high of $33.29. The stock has a market capitalization of $22.74 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.14 and a beta of 1.18.
Analyst Upgrades and Downgrades
LUNMF has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a research note on Tuesday, February 24th. National Bank Financial cut Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Finally, Raymond James Financial restated a “market perform” rating on shares of Lundin Mining in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Lundin Mining presently has an average rating of “Moderate Buy”.
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About Lundin Mining
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.