Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Here’s Why

Lundin Mining Corp. (OTCMKTS:LUNMF)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $24.66, but opened at $23.44. Lundin Mining shares last traded at $24.23, with a volume of 4,216 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LUNMF. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a report on Thursday, July 2nd. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Dnb Carnegie raised Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Barclays upgraded Lundin Mining to a “hold” rating in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Lundin Mining in a research note on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Lundin Mining Trading Down 1.8%

The business’s 50 day moving average price is $26.85 and its two-hundred day moving average price is $26.03. The company has a market capitalization of $20.71 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.29 and a current ratio of 1.81.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Equities analysts forecast that Lundin Mining Corp. will post 1.32 earnings per share for the current fiscal year.

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.