Lundin Mining (OTCMKTS:LUNMF) Shares Down 7.8% – Here’s Why

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) were down 7.8% during mid-day trading on Thursday . The stock traded as low as $23.7601 and last traded at $24.4620. Approximately 67,497 shares traded hands during trading, a decline of 68% from the average daily volume of 209,399 shares. The stock had previously closed at $26.5420.

Analyst Ratings Changes

LUNMF has been the topic of several recent research reports. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, October 28th. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Citigroup assumed coverage on Lundin Mining in a research note on Monday, December 15th. They issued a “buy” rating on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Four research 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 company. Based on data from MarketBeat, the stock presently has a consensus 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’s 50-day moving average price is $20.72 and its 200-day moving average price is $15.58. The company has a market cap of $20.27 billion, a P/E ratio of 593.00, a PEG ratio of 0.58 and a beta of 1.23.

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.