Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – What’s Next?

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down prior to trading on Wednesday . The stock had previously closed at $29.34, but opened at $27.57. Lundin Mining shares last traded at $27.77, with a volume of 3,172 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Raymond James Financial restated a “market perform” rating on shares of Lundin Mining in a research report on Wednesday, January 14th. TD Securities restated a “buy” rating on shares of Lundin Mining in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Citigroup restated a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy”.

Lundin Mining Stock Down 1.6%

The stock’s 50-day moving average price is $26.69 and its two-hundred day moving average price is $22.38. The stock has a market capitalization of $23.40 billion, a PE ratio of 18.24, a P/E/G ratio of 1.43 and a beta of 1.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.64.

Lundin Mining (OTCMKTS:LUNMF) last released its earnings results on Thursday, February 19th. The basic materials company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.18 billion. Lundin Mining had a net margin of 30.48% and a return on equity of 10.02%. As a group, analysts expect that Lundin Mining Corp. will post 1.11 EPS for the current fiscal year.

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.