Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Consensus Recommendation of “Hold” from Brokerages

Lundin Mining Corp. (OTCMKTS:LUNMF – Get Free Report) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

LUNMF has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research report on Thursday, July 2nd. Canaccord Genuity Group downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Dnb Carnegie raised shares of Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th.

Read Our Latest Stock Report on Lundin Mining

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at $23.42 on Friday. The business’s fifty day moving average price is $25.60 and its 200 day moving average price is $26.04. Lundin Mining has a twelve month low of $13.97 and a twelve month high of $33.29. The company has a current ratio of 1.60, a quick ratio of 1.05 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $19.94 billion, a P/E ratio of 13.54, a PEG ratio of 0.93 and a beta of 1.27.

Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Lundin Mining had a return on equity of 13.18% and a net margin of 31.82%. As a group, research analysts anticipate that Lundin Mining will post 1.28 earnings per share for the current year.

Lundin Mining Company Profile

(Get Free Report)

Lundin Mining Corporation is a Canadian base-metals mining company focused primarily on the exploration, development and operation of copper mines. The company also produces gold, molybdenum, nickel and other byproducts, depending on the ore bodies it operates. Its products are supplied to global markets and support industries such as construction, electrical equipment, transportation and manufacturing.

Lundin Mining’s principal assets include the Candelaria copper, gold and silver complex and the Caserones copper-molybdenum mine in Chile, as well as the Eagle nickel-copper mine in Michigan.

Further Reading

Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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