Lundin Mining (OTCMKTS:LUNMF) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Lundin Mining (OTCMKTS:LUNMF) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04), Zacks reports. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%.

Lundin Mining Stock Performance

OTCMKTS LUNMF traded up $0.88 on Wednesday, hitting $27.61. The stock had a trading volume of 266,389 shares, compared to its average volume of 167,576. The company’s 50-day moving average is $25.92 and its two-hundred day moving average is $26.36. The stock has a market cap of $23.57 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.09 and a beta of 1.26. Lundin Mining has a one year low of $10.15 and a one year high of $33.29. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

Several research firms have commented on LUNMF. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th. Finally, Citigroup reaffirmed a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

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.