Lundin Mining (OTCMKTS:LUNMF – Get Free Report) was upgraded by investment analysts at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.
Separately, Citigroup reaffirmed a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on LUNMF
Lundin Mining Trading Up 4.7%
Shares of OTCMKTS LUNMF traded up $0.93 on Thursday, reaching $20.92. 176,918 shares of the company traded hands, compared to its average volume of 240,965. Lundin Mining has a fifty-two week low of $16.63 and a fifty-two week high of $33.29. The company has a 50 day moving average of $23.82 and a 200 day moving average of $25.78. The company has a current ratio of 1.60, a quick ratio of 1.05 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $17.81 billion, a PE ratio of 11.56, a P/E/G ratio of 1.10 and a beta of 1.24.
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last released its earnings results on Wednesday, November 4th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. Lundin Mining had a net margin of 31.82% and a return on equity of 13.18%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities research analysts forecast that Lundin Mining will post 1.33 earnings per share for the current fiscal year.
About Lundin Mining
Lundin Mining is a Canadian mining company headquartered in Vancouver, focused primarily on the exploration, development and production of copper. Its operations in South America include the Candelaria and Caserones mines in Chile and the Chapada mine in Brazil.
The company’s principal product is copper, with gold, silver and molybdenum also produced as by-products at some of its operations. Lundin Mining is also involved in developing the Vicuña district, a copper, gold and silver project spanning Argentina and Chile, through a joint venture with BHP.
Jack Lundin serves as the company’s president and chief executive officer.
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