Canaccord Genuity Group upgraded shares of Lundin Mining (OTCMKTS:LUNMF – Free Report) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks reports.
Separately, Citigroup reaffirmed a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on LUNMF
Lundin Mining Price Performance
Shares of OTCMKTS LUNMF traded up $0.93 during mid-day trading on Thursday, hitting $20.92. 176,918 shares of the stock traded hands, compared to its average volume of 240,965. The company has a market cap of $17.81 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24. Lundin Mining has a twelve month low of $16.63 and a twelve month high of $33.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.60 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $23.82 and a two-hundred day simple moving average of $25.78.
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last issued its earnings results on Wednesday, November 4th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Lundin Mining had a return on equity of 13.18% and a net margin of 31.82%. As a group, equities research analysts forecast that Lundin Mining will post 1.33 EPS 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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