Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Average Rating of "Hold" from Brokerages

Key Points

• Lundin Mining holds an average “Hold” rating among 13 covering brokerages: nine analysts rate it a hold and four recommend buying. Canaccord Genuity recently downgraded the stock from “strong buy” to “hold.”
• The shares opened at $27.97, with a 52-week range of $11.21 to $33.29 and a market capitalization of approximately $23.88 billion.
• In its latest quarter, Lundin Mining reported $0.30 in EPS, missing the $0.34 consensus estimate, while revenue of $1.21 billion exceeded expectations of $1.19 billion.

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) have been assigned an average rating of "Hold" from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several brokerages have recently weighed in on LUNMF. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Lundin Mining in a research report on Thursday, July 2nd. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Lundin Mining in a report on Thursday, June 18th. Canaccord Genuity Group lowered Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Dnb Carnegie upgraded shares of Lundin Mining to a "hold" rating in a research note on Friday, July 3rd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Lundin Mining in a report on Tuesday, July 7th.

Lundin Mining Price Performance

OTCMKTS:LUNMF opened at $27.97 on Monday. Lundin Mining has a 1-year low of $11.21 and a 1-year high of $33.29. The company has a market capitalization of $23.88 billion, a PE ratio of 16.17, a P/E/G ratio of 1.09 and a beta of 1.26. The firm's 50-day moving average price is $25.37 and its 200-day moving average price is $26.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.29.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued 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). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Lundin Mining had a net margin of 31.82% and a return on equity of 13.41%. On average, equities analysts predict that Lundin Mining will post 1.28 EPS for the current fiscal 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.

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