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

Lundin Mining Corp. (OTCMKTS:LUNMF) gapped up before the market opened on Tuesday . The stock had previously closed at $27.77, but opened at $29.4050. Lundin Mining shares last traded at $27.04, with a volume of 4,704 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. National Bank Financial downgraded shares of Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research report on Friday. Finally, Citigroup reissued a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Performance

The business’s 50-day moving average price is $26.30 and its 200-day moving average price is $23.76. The company has a current ratio of 1.64, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $23.08 billion, a PE ratio of 16.06, a P/E/G ratio of 1.31 and a beta of 1.18.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Lundin Mining had a net margin of 32.67% and a return on equity of 12.06%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. As a group, equities research analysts expect that Lundin Mining Corp. will post 1.21 earnings per share 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.