Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have recently commented on LUNMF shares. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lundin Mining in a research report on Friday, May 15th. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a research report on Monday, February 23rd. Finally, National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th.

Lundin Mining Stock Down 0.9%

Shares of LUNMF opened at $27.28 on Friday. The firm has a market capitalization of $23.34 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.31 and a beta of 1.18. Lundin Mining has a 12-month low of $8.95 and a 12-month high of $33.29. 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 firm has a fifty day moving average price of $26.39 and a 200-day moving average price of $24.02.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Lundin Mining had a net margin of 32.67% and a return on equity of 12.06%. Equities research analysts expect that Lundin Mining will post 1.18 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.