Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down - Should You Sell?

Key Points

• Lundin Mining gapped down at the open from $27.42 to $26.64 but later traded around $28.09 (volume ~3,422), showing an intraday rebound.
• Analysts' consensus is a "Moderate Buy" (2 Strong Buy, 4 Buy, 7 Hold), indicating generally positive but mixed sentiment.
• The company (market cap $23.92B) beat quarterly expectations with EPS $0.42 vs. $0.30 and revenue $1.30B vs. $1.18B, and reported a strong net margin of ~30.5%.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $27.42, but opened at $26.64. Lundin Mining shares last traded at $28.0856, with a volume of 3,422 shares.

Wall Street Analysts Forecast Growth

LUNMF has been the subject of a number of recent analyst reports. TD Securities reissued a "buy" rating on shares of Lundin Mining in a research report on Monday, February 23rd. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Cormark raised Lundin Mining from a "hold" rating to a "moderate buy" rating in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Finally, Citigroup reissued a "buy" rating on shares of Lundin Mining in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Lundin Mining Stock Performance

The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 1.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.64. The firm has a 50-day simple moving average of $25.99 and a two-hundred day simple moving average of $21.37.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last released its earnings results on Thursday, February 19th. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.12. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.18 billion. Lundin Mining had a return on equity of 10.02% and a net margin of 30.48%. On average, sell-side analysts anticipate that Lundin Mining Corp. will post 0.53 EPS for the current fiscal year.

About Lundin Mining

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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