Lundin Mining Corp. (OTCMKTS:LUNMF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a research report on Monday, February 23rd. Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a research report on Wednesday, January 14th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Finally, Scotiabank restated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th.

Lundin Mining Trading Down 3.4%

Shares of Lundin Mining stock opened at $24.65 on Tuesday. The firm has a market capitalization of $21.08 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.18 and a beta of 1.18. Lundin Mining has a fifty-two week low of $7.76 and a fifty-two week high of $33.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.64. The stock has a 50 day moving average of $26.73 and a 200 day moving average of $22.86.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.12. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.18 billion. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%. As a group, research analysts predict that Lundin Mining will post 1.21 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.