Lundin Mining (OTCMKTS:LUNMF) Trading Down 7.3% – Should You Sell?

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) traded down 7.3% on Tuesday . The stock traded as low as $27.1960 and last traded at $27.1960. 19,956 shares were traded during mid-day trading, a decline of 90% from the average session volume of 204,591 shares. The stock had previously closed at $29.34.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. National Bank Financial lowered shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a research note on Tuesday. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Lundin Mining Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.64. The firm has a fifty day simple moving average of $26.59 and a two-hundred day simple moving average of $22.23. The firm has a market cap of $23.50 billion, a PE ratio of 18.31, a PEG ratio of 1.51 and a beta of 1.30.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.12. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%. Equities analysts predict that Lundin Mining Corp. will post 1.11 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.