Lundin Mining Corp. (OTCMKTS:LUNMF) Given Average Recommendation of “Hold” by Brokerages

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several research analysts recently commented on LUNMF shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a report on Friday, May 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. Barclays upgraded Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research note on Monday, June 15th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a research note on Tuesday, April 21st.

Lundin Mining Stock Down 6.9%

LUNMF stock opened at $24.42 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. Lundin Mining has a 1 year low of $9.56 and a 1 year high of $33.29. The company has a fifty day simple moving average of $27.90 and a 200 day simple moving average of $25.65. The firm has a market cap of $20.89 billion, a PE ratio of 14.53, a PEG ratio of 1.23 and a beta of 1.20.

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

Lundin Mining Company Profile

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.