Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Should You Sell?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $24.66, but opened at $23.44. Lundin Mining shares last traded at $24.23, with a volume of 4,216 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LUNMF shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Lundin Mining in a research report on Thursday, June 18th. Barclays raised shares of Lundin Mining to a “hold” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a research report on Thursday, July 2nd. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, July 7th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Lundin Mining Price Performance

The stock has a 50 day moving average of $26.82 and a 200-day moving average of $26.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.29 and a current ratio of 1.81. The company has a market cap of $21.39 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Lundin Mining had a return on equity of 11.69% and a net margin of 32.67%. Equities analysts predict that Lundin Mining Corp. will post 1.32 earnings per share for the current year.

Lundin Mining Company Profile

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.