Shares of Lundin Mining Corp. (OTCMKTS:LUNMF – Get Free Report) traded up 5.3% during trading on Friday. The company traded as high as $24.4380 and last traded at $24.4380. Approximately 5,248 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 185,747 shares. The stock had previously closed at $23.21.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. 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 note on Friday, July 3rd. Finally, Citigroup restated a “positive” rating on shares of Lundin Mining in a research report on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
View Our Latest Research Report on Lundin Mining
Lundin Mining Price Performance
The business has a 50-day moving average of $25.29 and a two-hundred day moving average of $26.10. 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 firm has a market cap of $20.02 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27.
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). Lundin Mining had a return on equity of 13.18% and a net margin of 31.82%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, sell-side analysts anticipate that Lundin Mining Corp. will post 1.29 earnings per share for the current fiscal year.
About Lundin Mining
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.
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