Lundin Mining (OTC:LUNMF) Hits New 52-Week Low – Here’s Why

Lundin Mining Corp. (OTC:LUNMF)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.30 and last traded at $7.35, with a volume of 333199 shares trading hands. The stock had previously closed at $6.41.

Wall Street Analysts Forecast Growth

Separately, Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th.

Lundin Mining Stock Performance

The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The firm’s fifty day moving average price is $8.29. The company has a market cap of $6.39 billion, a P/E ratio of -28.38, a P/E/G ratio of 0.81 and a beta of 1.39.

Lundin Mining Company Profile

LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia.