Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Here’s Why

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $27.39, but opened at $25.19. Lundin Mining shares last traded at $26.0530, with a volume of 4,017 shares.

Wall Street Analyst Weigh In

LUNMF has been the subject of a number of analyst reports. Barclays upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Monday, June 15th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Royal Bank Of Canada reissued a “sector perform” rating on shares of Lundin Mining in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lundin Mining presently has an average rating of “Hold”.

Lundin Mining Price Performance

The firm has a market capitalization of $22.57 billion, a PE ratio of 15.70, a P/E/G ratio of 1.25 and a beta of 1.20. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $28.00 and a two-hundred day moving average price of $25.55.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%. Sell-side analysts forecast that Lundin Mining Corp. will post 1.21 earnings per share for the current year.

About Lundin Mining

Lundin Mining Corporation is a Canada-based diversified base metals mining company engaged in the acquisition, exploration, development, and operation of mines. The company’s portfolio encompasses copper, nickel, zinc, and lead, with by-products including gold and silver. Through its technical expertise and focus on cost-effective operations, Lundin Mining aims to maximize long-term value while meeting industry standards for safety and environmental stewardship.

Operationally, Lundin Mining holds interests in several producing assets across the Americas and Europe.