Lundin Mining (OTCMKTS:LUNMF) Stock Price Down 4.4% – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price fell 4.4% on Wednesday. The stock traded as low as $21.50 and last traded at $21.50. Approximately 1,662 shares were traded during trading, a decline of 99% from the average session volume of 203,037 shares. The stock had previously closed at $22.48.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LUNMF. Canaccord Genuity Group upgraded shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 5th. Citigroup reiterated a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Up 0.1%

The firm has a market capitalization of $18.45 billion, a P/E ratio of 11.97, a PEG ratio of 1.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.60. The firm’s 50-day moving average is $23.61 and its 200 day moving average is $25.75.

Lundin Mining (OTCMKTS:LUNMF) last released its earnings results on Wednesday, November 4th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Lundin Mining had a return on equity of 14.25% and a net margin of 32.52%. As a group, equities research analysts predict that Lundin Mining Corp. will post 1.33 EPS for the current fiscal year.

About Lundin Mining

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.