Lundin Mining (OTCMKTS:LUNMF) Posts Earnings Results, Beats Expectations By $0.02 EPS

Lundin Mining (OTCMKTS:LUNMF) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02, Zacks reports. Lundin Mining had a net margin of 30.48% and a return on equity of 10.02%.

Lundin Mining Stock Up 7.4%

LUNMF stock traded up $1.83 during midday trading on Wednesday, hitting $26.59. The company’s stock had a trading volume of 37,446 shares, compared to its average volume of 207,662. The company has a quick ratio of 1.17, a current ratio of 1.64 and a debt-to-equity ratio of 0.03. Lundin Mining has a 52-week low of $7.76 and a 52-week high of $33.29. The firm has a market capitalization of $22.74 billion, a P/E ratio of 17.73, a PEG ratio of 1.14 and a beta of 1.18. The firm has a 50-day simple moving average of $26.64 and a 200-day simple moving average of $22.92.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LUNMF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Raymond James Financial reaffirmed a “market perform” rating on shares of Lundin Mining in a research report on Wednesday, January 14th. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. Finally, National Bank Financial cut shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Lundin Mining

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.