Lundin Mining (OTCMKTS:LUNMF) Announces Earnings Results, Misses Expectations By $0.10 EPS

Lundin Mining (OTCMKTS:LUNMF) posted its earnings results on Wednesday. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10), Zacks reports. The firm had revenue of $858.90 million for the quarter, compared to the consensus estimate of $1.06 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%.

Lundin Mining Price Performance

Shares of OTCMKTS:LUNMF traded up $0.36 during trading on Friday, reaching $9.03. The company had a trading volume of 248,592 shares, compared to its average volume of 295,106. The company has a fifty day moving average of $8.54 and a two-hundred day moving average of $9.39. The stock has a market capitalization of $7.84 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 0.36 and a beta of 1.46. Lundin Mining has a 12 month low of $7.51 and a 12 month high of $13.26. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.