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

Key Points

• Lundin Mining has a consensus “Hold” rating among 12 analysts, with eight holds and four buys. Recent updates included Canaccord Genuity downgrading the stock from “strong buy” to “hold.”
• The stock opened at $23.61, below its 50-day and 200-day moving averages of $25.15 and $26.10, respectively, and has traded between $13.97 and $33.29 over the past year.
• In its latest quarter, Lundin Mining reported earnings of $0.30 per share, missing the $0.34 consensus estimate, while revenue of $1.21 billion exceeded expectations of $1.19 billion.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) has been assigned a consensus rating of "Hold" from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

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

Lundin Mining Trading Up 0.5%

Lundin Mining stock opened at $23.61 on Tuesday. The firm has a 50-day moving average of $25.15 and a 200-day moving average of $26.10. Lundin Mining has a one year low of $13.97 and a one year high of $33.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.60 and a quick ratio of 1.05. The company has a market cap of $20.10 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 1.22 and a beta of 1.27.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04). The company had revenue of $1.21 billion during 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 13.18%. On average, equities analysts expect that Lundin Mining will post 1.30 earnings per share for the current fiscal year.

About Lundin Mining

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops, and operates mines that produce copper, zinc, gold, and silver, with copper representing its primary focus. Its products are sold to customers in industrial and metals markets.

Lundin Mining's principal assets have included the Candelaria copper-gold-silver complex and Caserones copper-molybdenum mine in Chile, the Eagle nickel-copper mine in Michigan, and the Zinkgruvan zinc-lead-silver mine in Sweden.

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