Lundin Mining (OTCMKTS:LUNMF) Announces Quarterly Earnings Results

Lundin Mining (OTCMKTS:LUNMF) released its quarterly earnings data on Thursday. The basic materials company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.27 by $0.15, Zacks reports. Lundin Mining had a net margin of 2.01% and a return on equity of 6.80%.

Lundin Mining Trading Up 0.8%

OTCMKTS LUNMF traded up $0.21 during trading hours on Thursday, hitting $26.03. 91,249 shares of the company’s stock were exchanged, compared to its average volume of 214,292. The business’s 50 day moving average is $23.58 and its 200-day moving average is $17.72. Lundin Mining has a 12-month low of $6.30 and a 12-month high of $28.65. The firm has a market capitalization of $22.24 billion, a P/E ratio of 650.75, a price-to-earnings-growth ratio of 0.51 and a beta of 1.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.51.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. Wall Street Zen downgraded Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. National Bank Financial lowered Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday. Raymond James Financial reissued a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. Finally, Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.