Lundin Mining (OTCMKTS:LUNMF) Stock Price Up 10% - Here's Why

Key Points

• Up 10%: Lundin Mining shares jumped about 10% intraday to a high of $23.9120 (last $23.7440) from a prior close of $21.59, though only 17,155 shares traded—down roughly 93% from its average session volume of 229,422.
• Earnings beat: The company reported quarterly EPS of $0.42 versus $0.30 expected and revenue of $1.30 billion versus $1.18 billion, with a net margin of 30.48% and ROE of 10.02%.
• Analyst stance & valuation: MarketBeat shows a consensus rating of "Moderate Buy" (2 Strong Buy, 4 Buy, 7 Hold), and the stock trades at a market cap of $19.76 billion with a P/E of 15.42 and PEG of 1.16.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report)'s stock price traded up 10% during trading on Monday . The stock traded as high as $23.9120 and last traded at $23.7440. 17,155 shares traded hands during trading, a decline of 93% from the average session volume of 229,422 shares. The stock had previously closed at $21.59.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LUNMF. Citigroup restated a "buy" rating on shares of Lundin Mining in a research report on Wednesday, February 11th. TD Securities reaffirmed a "buy" rating on shares of Lundin Mining in a report on Monday, February 23rd. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a research note on Tuesday, February 24th. Raymond James Financial restated a "market perform" rating on shares of Lundin Mining in a research note on Wednesday, January 14th. Finally, Canadian Imperial Bank of Commerce reiterated a "neutral" rating on shares of Lundin Mining in a research note on Wednesday, February 4th. Two investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Lundin Mining Stock Up 7.1%

The stock has a market capitalization of $19.76 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.16 and a beta of 1.15. The company has a current ratio of 1.64, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average is $26.22 and its 200-day moving average is $20.26.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.12. Lundin Mining had a net margin of 30.48% and a return on equity of 10.02%. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.18 billion. As a group, equities research analysts predict that Lundin Mining Corp. will post 0.53 earnings per share 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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