Lundin Mining (OTCMKTS:LUNMF) Hits New 12-Month High – Should You Buy?

Lundin Mining Corp. (OTCMKTS:LUNMFGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $27.95 and last traded at $26.40, with a volume of 43001 shares trading hands. The stock had previously closed at $26.34.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LUNMF shares. CIBC reaffirmed a “neutral” rating on shares of Lundin Mining in a research note on Friday, December 12th. Raymond James Financial reaffirmed a “market perform” rating on shares of Lundin Mining in a research report on Wednesday, January 14th. Wall Street Zen lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. Citigroup started coverage on shares of Lundin Mining in a research note on Monday, December 15th. They set a “buy” rating for the company. Finally, Scotiabank restated an “outperform” rating on shares of Lundin Mining in a report on Monday. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on Lundin Mining

Lundin Mining Trading Down 0.5%

The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 655.10, a P/E/G ratio of 0.54 and a beta of 1.23. The business has a 50-day simple moving average of $21.29 and a two-hundred day simple moving average of $16.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 0.96.

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.

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