Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analyst consensus is “Hold”: Eight of 12 analysts rate Lundin Mining shares a hold, while four recommend buying. Recent coverage includes upgrades to hold and a Scotiabank “outperform” rating.
• Shares opened at $27.61, with a market capitalization of $23.57 billion and a 52-week range of $10.15 to $33.29. The company maintains relatively low leverage, with a debt-to-equity ratio of 0.04.
• Quarterly results were mixed: Lundin Mining reported $0.30 in EPS, below 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 earned an average recommendation of "Hold" from the twelve research firms that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several research analysts recently issued reports on LUNMF shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Lundin Mining in a research note on Thursday, July 2nd. Barclays raised shares of Lundin Mining to a "hold" rating in a research report on Friday, May 22nd. Dnb Carnegie upgraded Lundin Mining to a "hold" rating in a research note on Friday, July 3rd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Lundin Mining in a report on Thursday, June 18th. Finally, Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a research report on Tuesday, July 7th.

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at $27.61 on Thursday. The stock has a market cap of $23.57 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.26. The stock has a 50 day moving average price of $25.92 and a 200-day moving average price of $26.36. Lundin Mining has a one year low of $10.15 and a one year high of $33.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.29 and a current ratio of 1.81.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly 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). Lundin Mining had a net margin of 32.67% and a return on equity of 11.69%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Equities analysts expect that Lundin Mining will post 1.34 EPS 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.

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