Lundin Mining Corp. (OTCMKTS:LUNMF) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Lundin Mining has a consensus “Hold” rating from 12 analysts: eight recommend holding the stock, while four rate it a buy. Recent opinions range from “positive” and “outperform” to downgrades and reiterated holds.
• The stock opened at $24.53, down 1.2%, with a market capitalization of approximately $20.88 billion. Shares remain below their 50-day and 200-day moving averages and have traded between $13.12 and $33.29 over the past year.
• Lundin Mining reported quarterly EPS of $0.30, below the $0.34 analyst consensus, while revenue of $1.21 billion exceeded estimates of $1.19 billion. Analysts expect full-year EPS of $1.28.

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) have been given a consensus rating of "Hold" by the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Several research firms have weighed in on LUNMF. Citigroup reaffirmed a "positive" rating on shares of Lundin Mining in a research note on Wednesday, July 15th. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a research report on Tuesday, July 7th. Canaccord Genuity Group cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. Dnb Carnegie raised shares of Lundin Mining to a "hold" rating in a research report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Lundin Mining in a research note on Thursday, July 2nd.

Lundin Mining Trading Down 1.2%

OTCMKTS LUNMF opened at $24.53 on Friday. The firm's 50 day moving average price is $25.70 and its two-hundred day moving average price is $26.12. 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 twelve month low of $13.12 and a twelve month high of $33.29. The stock has a market cap of $20.88 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 1.00 and a beta of 1.29.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.04). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Lundin Mining had a return on equity of 13.18% and a net margin of 31.82%. Equities analysts anticipate that Lundin Mining will post 1.28 EPS for the current year.

About Lundin Mining

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores for, develops and operates mines producing copper, zinc, nickel, gold, silver and other byproducts.

Lundin Mining's operating portfolio includes the Candelaria copper-mining complex and Caserones copper-molybdenum mine in Chile; the Eagle nickel-copper mine in Michigan, United States; the Neves-Corvo copper-zinc mine in Portugal; and the Zinkgruvan zinc-lead-silver mine in Sweden.

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