Lundin Mining (OTCMKTS:LUNMF) Stock Price Down 8.6% – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price fell 8.6% during trading on Tuesday . The company traded as low as $24.70 and last traded at $24.70. 41,556 shares changed hands during trading, a decline of 81% from the average session volume of 214,031 shares. The stock had previously closed at $27.0160.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LUNMF. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. National Bank Financial cut shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Citigroup restated a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Lundin Mining Trading Up 3.9%

The firm has a market capitalization of $22.00 billion, a PE ratio of 17.15, a PEG ratio of 1.16 and a beta of 1.30. The company has a current ratio of 1.64, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $26.73 and a two-hundred day moving average price of $22.76.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.12. Lundin Mining had a net margin of 30.48% and a return on equity of 10.02%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.18 billion. Analysts expect that Lundin Mining Corp. 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.