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

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down before the market opened on Thursday . The stock had previously closed at $26.9380, but opened at $25.30. Lundin Mining shares last traded at $25.09, with a volume of 7,332 shares changing hands.

Wall Street Analyst Weigh In

LUNMF has been the subject of a number of recent research reports. Citigroup reissued a “positive” rating on shares of Lundin Mining in a research report on Wednesday, July 15th. Canaccord Genuity Group downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Dnb Carnegie raised shares of Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a report on Thursday, July 2nd. Finally, Scotiabank restated an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lundin Mining presently has an average rating of “Hold”.

Lundin Mining Trading Down 3.2%

The stock has a market cap of $20.54 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29. The firm has a 50-day moving average price of $25.72 and a 200-day moving average price of $26.51. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.60.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04). The firm 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 13.18%. As a group, equities analysts anticipate that Lundin Mining Corp. will post 1.27 EPS for the current fiscal year.

About Lundin Mining

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores for, develops and operates mines producing copper, zinc, nickel, gold, silver and other byproducts.

Lundin Mining’s operating portfolio includes the Candelaria copper-mining complex and Caserones copper-molybdenum mine in Chile; the Eagle nickel-copper mine in Michigan, United States; the Neves-Corvo copper-zinc mine in Portugal; and the Zinkgruvan zinc-lead-silver mine in Sweden.