Lundin Mining (LUNMF) Expected to Release Earnings on Wednesday

Lundin Mining (OTCMKTS:LUNMF) is expected to issue its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $0.30 per share and revenue of $1.13 billion for the quarter.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). Lundin Mining had a net margin of 31.82% and a return on equity of 13.18%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. On average, analysts expect Lundin Mining to post $1.32 EPS for the current fiscal year and $1.43 EPS for the next fiscal year.

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at $20.70 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.05 and a current ratio of 1.60. Lundin Mining has a 52-week low of $15.05 and a 52-week high of $33.29. The stock has a market capitalization of $17.62 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.06 and a beta of 1.27. The company’s 50 day moving average price is $24.48 and its 200-day moving average price is $25.87.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LUNMF shares. Citigroup reissued a “positive” rating on shares of Lundin Mining in a research report on Wednesday, July 15th. Canaccord Genuity Group lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Scotiabank restated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Lundin Mining Company Profile

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops, and operates mines that produce copper, zinc, gold, and silver, with copper representing its primary focus. Its products are sold to customers in industrial and metals markets.

Lundin Mining’s principal assets have included the Candelaria copper-gold-silver complex and Caserones copper-molybdenum mine in Chile, the Eagle nickel-copper mine in Michigan, and the Zinkgruvan zinc-lead-silver mine in Sweden.