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

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down prior to trading on Wednesday . The stock had previously closed at $25.59, but opened at $24.90. Lundin Mining shares last traded at $25.69, with a volume of 58,460 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LUNMF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Royal Bank Of Canada restated a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Lundin Mining Trading Up 0.1%

The stock has a market cap of $21.87 billion, a P/E ratio of 14.81, a P/E/G ratio of 1.03 and a beta of 1.26. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $25.35 and a two-hundred day moving average price of $26.41.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Lundin Mining had a net margin of 31.82% and a return on equity of 13.41%. On average, research analysts expect that Lundin Mining Corp. will post 1.33 EPS for the current fiscal 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.