Lundin Mining (OTCMKTS:LUNMF – Get Free Report) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02, Zacks reports. Lundin Mining had a return on equity of 13.18% and a net margin of 31.82%.
Lundin Mining Trading Up 5.9%
Shares of OTCMKTS:LUNMF traded up $1.26 during mid-day trading on Wednesday, reaching $22.56. 594,353 shares of the company were exchanged, compared to its average volume of 194,382. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.60 and a quick ratio of 1.05. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 1.10 and a beta of 1.24. The firm’s 50-day simple moving average is $24.23 and its 200 day simple moving average is $25.84. Lundin Mining has a 1 year low of $15.05 and a 1 year high of $33.29.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Canaccord Genuity Group lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Citigroup reissued a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. Four 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”.
Check Out Our Latest Analysis on LUNMF
Lundin Mining Company Profile
Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops, and operates mines that produce copper, zinc, gold, and silver, with copper representing its primary focus. Its products are sold to customers in industrial and metals markets.
Lundin Mining’s principal assets have included the Candelaria copper-gold-silver complex and Caserones copper-molybdenum mine in Chile, the Eagle nickel-copper mine in Michigan, and the Zinkgruvan zinc-lead-silver mine in Sweden.
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