Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Here’s What Happened

Lundin Mining Corp. (OTCMKTS:LUNMF) shares gapped up before the market opened on Friday . The stock had previously closed at $22.78, but opened at $24.44. Lundin Mining shares last traded at $23.82, with a volume of 2,301 shares trading hands.

Analyst Upgrades and Downgrades

LUNMF has been the subject of a number of analyst reports. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research note on Monday, June 15th. Barclays raised Lundin Mining to a “hold” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lundin Mining in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Lundin Mining in a report on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Lundin Mining Stock Performance

The firm has a market cap of $20.75 billion, a PE ratio of 14.43, a PEG ratio of 1.07 and a beta of 1.20. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. The firm’s 50 day simple moving average is $27.67 and its 200 day simple moving average is $25.71.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. On average, research analysts forecast that Lundin Mining Corp. will post 1.21 EPS for the current fiscal 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.