Lundin Mining (OTCMKTS:LUNMF) Shares Up 6.3% – Time to Buy?

Lundin Mining Corp. (OTCMKTS:LUNMF) traded up 6.3% during mid-day trading on Tuesday . The stock traded as high as $25.58 and last traded at $25.4480. 8,274 shares traded hands during trading, a decline of 96% from the average session volume of 196,328 shares. The stock had previously closed at $23.93.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research report on Thursday, July 2nd. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, July 7th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. Barclays upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Finally, Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Four equities 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, Lundin Mining presently has an average rating of “Hold”.

Lundin Mining Stock Up 4.4%

The company’s 50-day moving average is $26.82 and its 200 day moving average is $26.05. The stock has a market capitalization of $21.37 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04.

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, topping 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 company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. As a group, analysts anticipate that Lundin Mining Corp. will post 1.32 EPS for the current 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.