Lundin Mining (OTCMKTS:LUNMF) Reaches New 12-Month High – Here’s Why

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.72 and last traded at $25.72, with a volume of 101422 shares trading hands. The stock had previously closed at $25.18.

Analysts Set New Price Targets

LUNMF has been the topic of a number of research reports. Raymond James Financial restated a “market perform” rating on shares of Lundin Mining in a report on Wednesday, January 14th. Citigroup started coverage on Lundin Mining in a research note on Monday, December 15th. They set a “buy” rating on the stock. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. CIBC reiterated a “neutral” rating on shares of Lundin Mining in a report on Friday, December 12th. Finally, Wall Street Zen lowered Lundin Mining from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Lundin Mining presently has an average rating of “Moderate Buy”.

Lundin Mining Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 0.96. The stock has a market capitalization of $21.97 billion, a PE ratio of 643.00, a P/E/G ratio of 0.56 and a beta of 1.23. The firm has a fifty day moving average price of $20.41 and a two-hundred day moving average price of $15.40.

About Lundin Mining

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.