Lundin Mining (OTCMKTS:LUNMF) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $26.29 and traded as high as $31.78. Lundin Mining shares last traded at $30.07, with a volume of 44,585 shares traded.

Analysts Set New Price Targets

LUNMF has been the subject of a number of research reports. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a report on Friday. National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “hold” rating in a report on Monday, February 16th. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Finally, Citigroup reiterated a “buy” rating on shares of Lundin Mining in a report on Wednesday, February 11th. One investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Down 6.0%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.17. The firm’s 50 day moving average is $26.28 and its two-hundred day moving average is $23.62. The firm has a market capitalization of $24.17 billion, a P/E ratio of 16.82, a PEG ratio of 1.40 and a beta of 1.18.

Lundin Mining (OTCMKTS:LUNMF) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share 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 12.06%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Research analysts predict that Lundin Mining Corp. will post 1.21 EPS 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.