Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Time to Buy?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $28.28, but opened at $30.56. Lundin Mining shares last traded at $28.3825, with a volume of 8,646 shares.

Analyst Ratings Changes

Several research analysts have recently commented on the company. National Bank Financial lowered Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. Citigroup restated a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Lundin Mining presently has a consensus rating of “Moderate Buy”.

Lundin Mining Price Performance

The stock has a market cap of $22.96 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 11.81 and a beta of 1.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.51. The company has a 50-day moving average of $25.60 and a 200-day moving average of $19.10.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.12. Lundin Mining had a net margin of 30.48% and a return on equity of 10.45%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.18 billion. As a group, equities research analysts predict that Lundin Mining Corp. will post 0.53 earnings per share for the current year.

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.