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

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LUNMF shares. Citigroup started coverage on Lundin Mining in a research note on Monday, December 15th. They issued a “buy” rating for the company. Raymond James Financial reaffirmed a “market perform” rating on shares of Lundin Mining in a report on Wednesday, January 14th. CIBC reissued a “neutral” rating on shares of Lundin Mining in a research note on Friday, December 12th. Wall Street Zen lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, October 28th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Lundin Mining Price Performance

The stock has a market cap of $21.26 billion, a PE ratio of 622.25, a price-to-earnings-growth ratio of 0.54 and a beta of 1.23. The stock’s fifty day moving average is $20.97 and its 200-day moving average is $15.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 0.96.

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.