Shares of Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $25.38 and traded as high as $26.10. Lundin Mining shares last traded at $26.10, with a volume of 29,368 shares.
Analyst Upgrades and Downgrades
Several brokerages have commented on LUNMF. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a report on Tuesday, July 7th. Barclays raised Lundin Mining to a "hold" rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Lundin Mining in a research report on Thursday, July 2nd. Canaccord Genuity Group cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Finally, Dnb Carnegie raised shares of Lundin Mining to a "hold" rating in a report on Friday, July 3rd. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Lundin Mining currently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on LUNMF
Lundin Mining Stock Performance
The stock has a market cap of $22.28 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.03 and a beta of 1.26. The firm's 50-day moving average is $25.38 and its two-hundred day moving average is $26.41. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04.
Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). Lundin Mining had a return on equity of 13.41% and a net margin of 31.82%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, sell-side analysts expect that Lundin Mining Corp. will post 1.34 earnings per share for the current year.
Lundin Mining Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Lundin Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lundin Mining wasn't on the list.
While Lundin Mining currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
