Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Time to Buy?

Lundin Mining Corp. (OTCMKTS:LUNMF) gapped up prior to trading on Thursday . The stock had previously closed at $24.56, but opened at $27.32. Lundin Mining shares last traded at $25.22, with a volume of 2,877 shares traded.

Analyst Ratings Changes

Several research firms have recently commented on LUNMF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Barclays upgraded Lundin Mining to a “hold” rating in a research report on Friday, May 22nd. Dnb Carnegie raised Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Lundin Mining Stock Performance

The firm has a market capitalization of $21.14 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.00 and a beta of 1.25. The company has a 50-day moving average price of $26.11 and a 200-day moving average price of $26.31. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.04.

Lundin Mining (OTCMKTS:LUNMF) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%. As a group, equities research analysts forecast that Lundin Mining Corp. will post 1.34 earnings per share for the current 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.