Shares of Lundin Mining Corp. (OTCMKTS:LUNMF – Get Free Report) traded down 4.4% during trading on Wednesday. The company traded as low as $21.50 and last traded at $21.50. 1,662 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 203,037 shares. The stock had previously closed at $22.48.
Analyst Ratings Changes
Several brokerages recently commented on LUNMF. Citigroup restated a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th. Canaccord Genuity Group upgraded shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on LUNMF
Lundin Mining Trading Up 0.1%
The company has a market cap of $18.45 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.60. The firm has a fifty day moving average price of $23.61 and a 200 day moving average price of $25.75.
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last issued its earnings results on Wednesday, November 4th. The basic materials company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Lundin Mining had a net margin of 32.52% and a return on equity of 14.25%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities analysts predict that Lundin Mining Corp. will post 1.33 EPS for the current fiscal 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.
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