Lundin Mining (LUNMF) Projected to Announce Earnings on Wednesday

Lundin Mining (OTCMKTS:LUNMFGet Free Report) is projected to announce its resultson Wednesday, August 5th. Analysts expect Lundin Mining to post earnings of $0.34 per share and revenue of $1.1946 billion for the quarter.

Lundin Mining (OTCMKTS:LUNMFGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, beating 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%. On average, analysts expect Lundin Mining to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lundin Mining Trading Down 2.9%

Shares of LUNMF stock opened at $24.55 on Wednesday. The firm has a 50 day moving average price of $26.16 and a two-hundred day moving average price of $26.29. 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 company has a market capitalization of $20.96 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.04 and a beta of 1.25. Lundin Mining has a 12-month low of $9.56 and a 12-month high of $33.29.

Analyst Ratings Changes

LUNMF has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a report on Thursday, July 2nd. Barclays raised Lundin Mining to a “hold” rating in a report on Friday, May 22nd. Finally, Scotiabank restated an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Lundin Mining presently has an average rating of “Hold”.

Check Out Our Latest Research Report on Lundin Mining

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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Earnings History for Lundin Mining (OTCMKTS:LUNMF)

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