Lundin Mining Corp. (LUNMF) – What Are Analysts Saying About This Stock?

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

LUNMF has been the topic of a number of research analyst reports. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Canaccord Genuity Group lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Dnb Carnegie raised Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Citigroup restated a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a research report on Thursday, July 2nd.

Lundin Mining Stock Performance

Shares of LUNMF stock opened at $21.66 on Tuesday. The firm has a 50 day moving average of $24.78 and a 200-day moving average of $25.90. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27. The company has a quick ratio of 1.05, a current ratio of 1.60 and a debt-to-equity ratio of 0.02. Lundin Mining has a 52 week low of $14.41 and a 52 week high of $33.29.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). Lundin Mining had a return on equity of 13.18% and a net margin of 31.82%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, equities analysts forecast that Lundin Mining will post 1.32 earnings per share for the current year.

Lundin Mining Company Profile

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops, and operates mines that produce copper, zinc, gold, and silver, with copper representing its primary focus. Its products are sold to customers in industrial and metals markets.

Lundin Mining’s principal assets have included the Candelaria copper-gold-silver complex and Caserones copper-molybdenum mine in Chile, the Eagle nickel-copper mine in Michigan, and the Zinkgruvan zinc-lead-silver mine in Sweden.