Lundin Mining Corp. (OTCMKTS:LUNMF – Get Free Report)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $19.99, but opened at $21.73. Lundin Mining shares last traded at $22.00, with a volume of 11,459 shares traded.
Analyst Ratings Changes
LUNMF has been the subject of several recent research reports. Canaccord Genuity Group upgraded shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Citigroup restated a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on Lundin Mining
Lundin Mining Stock Performance
The company has a 50-day moving average of $23.82 and a 200 day moving average of $25.78. The company has a quick ratio of 1.05, a current ratio of 1.60 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $18.96 billion, a PE ratio of 12.30, a PEG ratio of 1.07 and a beta of 1.24.
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Lundin Mining had a return on equity of 14.25% and a net margin of 32.52%. Equities research analysts predict that Lundin Mining Corp. will post 1.33 EPS for the current year.
About Lundin Mining
Lundin Mining is a Canadian mining company headquartered in Vancouver, focused primarily on the exploration, development and production of copper. Its operations in South America include the Candelaria and Caserones mines in Chile and the Chapada mine in Brazil.
The company’s principal product is copper, with gold, silver and molybdenum also produced as by-products at some of its operations. Lundin Mining is also involved in developing the Vicuña district, a copper, gold and silver project spanning Argentina and Chile, through a joint venture with BHP.
Jack Lundin serves as the company’s president and chief executive officer.
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