Shares of Lundin Mining Corp. (OTCMKTS:LUNMF – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.
Separately, Canaccord Genuity Group upgraded Lundin Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th.
View Our Latest Research Report on Lundin Mining
Lundin Mining Stock Performance
OTCMKTS:LUNMF traded down $0.67 during mid-day trading on Friday, hitting $20.25. 291,458 shares of the company traded hands, compared to its average volume of 373,330. The company has a quick ratio of 1.05, a current ratio of 1.60 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $23.32 and its 200-day moving average price is $25.68. The firm has a market cap of $17.24 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. Lundin Mining has a one year low of $16.63 and a one year high of $33.29.
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Lundin Mining had a return on equity of 14.25% and a net margin of 32.52%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.13 billion. Research analysts anticipate that Lundin Mining will post 1.29 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.
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