Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Should You Buy?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $27.77, but opened at $29.4050. Lundin Mining shares last traded at $27.04, with a volume of 4,704 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. TD Securities restated a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. National Bank Financial cut Lundin Mining from an “outperform” rating to a “hold” rating in a report on Monday, February 16th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Mining in a report on Friday, May 15th. 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. According to MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Up 1.6%

The firm has a 50 day moving average price of $26.37 and a 200-day moving average price of $23.92. 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 firm has a market cap of $23.73 billion, a PE ratio of 16.51, a PEG ratio of 1.27 and a beta of 1.18.

Lundin Mining (OTCMKTS:LUNMF) last announced 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. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Lundin Mining had a return on equity of 12.06% and a net margin of 32.67%. Research analysts forecast that Lundin Mining Corp. will post 1.21 EPS 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.