Lundin Mining Corp. (LUNMF) – What Are Analysts Saying About This Stock?

Lundin Mining Corp. (OTCMKTS:LUNMF) has been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Separately, Canaccord Genuity Group raised Lundin Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 5th.

Lundin Mining Price Performance

Shares of LUNMF traded down $0.67 during trading hours on Friday, reaching $20.25. 291,458 shares of the stock traded hands, compared to its average volume of 373,330. The company has a current ratio of 1.60, a quick ratio of 1.05 and a debt-to-equity ratio of 0.02. Lundin Mining has a 52-week low of $16.63 and a 52-week high of $33.29. The company’s 50-day moving average price is $23.32 and its two-hundred day moving average price is $25.68. The company has a market cap of $17.24 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, November 4th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. Lundin Mining had a net margin of 32.52% and a return on equity of 14.25%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.13 billion. On average, analysts anticipate that Lundin Mining will post 1.29 earnings per share for the current year.

Lundin Mining Company Profile

Lundin Mining is a Canadian mining company headquartered in Vancouver, focused primarily on the exploration, development and production of copper. Its operations in South America include the Candelaria and Caserones mines in Chile and the Chapada mine in Brazil. The company’s principal product is copper, with gold, silver and molybdenum also produced as by-products at some of its operations. Lundin Mining is also involved in developing the Vicuña district, a copper, gold and silver project spanning Argentina and Chile, through a joint venture with BHP.