Lundin Mining (OTCMKTS:LUNMF – Get Free Report) released its earnings results on Wednesday. The basic materials company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04), Zacks reports. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%.
Lundin Mining Stock Performance
Lundin Mining stock traded up $0.88 on Wednesday, hitting $27.61. The company’s stock had a trading volume of 266,389 shares, compared to its average volume of 167,576. The firm has a market cap of $23.57 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.26. 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 fifty day moving average price of $25.92 and a 200-day moving average price of $26.36. Lundin Mining has a one year low of $10.15 and a one year high of $33.29.
Analyst Upgrades and Downgrades
LUNMF has been the topic of several research reports. Citigroup restated a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th. Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Barclays upgraded Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.
Lundin Mining Company Profile
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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