Lundin Mining Corp. (OTCMKTS:LUNMF – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $27.39, but opened at $25.19. Lundin Mining shares last traded at $26.0530, with a volume of 4,017 shares traded.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on LUNMF shares. Barclays upgraded shares of Lundin Mining to a “hold” rating in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research report on Monday, June 15th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Lundin Mining in a research note on Thursday. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
Get Our Latest Analysis on Lundin Mining
Lundin Mining Stock Down 1.1%
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%. As a group, equities analysts predict that Lundin Mining Corp. will post 1.21 earnings per share 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.
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