Lundin Mining (OTCMKTS:LUNMF) Upgraded by Barclays to “Hold” Rating

Barclays upgraded shares of Lundin Mining (OTCMKTS:LUNMF) to a hold rating in a research note released on Friday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on LUNMF. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. TD Securities reissued a “buy” rating on shares of Lundin Mining in a research report on Monday, February 23rd. National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “hold” rating in a research report on Monday, February 16th. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, February 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Lundin Mining Price Performance

Shares of OTCMKTS LUNMF opened at $27.28 on Friday. The business’s 50 day moving average price is $26.39 and its two-hundred day moving average price is $24.02. The company has a market cap of $23.34 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18. The company has a quick ratio of 1.17, a current ratio of 1.64 and a debt-to-equity ratio of 0.03. Lundin Mining has a twelve month low of $8.95 and a twelve month high of $33.29.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Lundin Mining had a return on equity of 12.06% and a net margin of 32.67%. On average, analysts predict that Lundin Mining will post 1.18 EPS 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.