Lundin Mining (OTCMKTS:LUNMF) Hits New 1-Year High – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.95 and last traded at $26.40, with a volume of 43001 shares traded. The stock had previously closed at $26.34.

Analysts Set New Price Targets

Several research analysts recently weighed in on LUNMF shares. Citigroup assumed coverage on shares of Lundin Mining in a research note on Monday, December 15th. They set a “buy” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a report on Monday. Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Wall Street Zen cut shares of Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a report on Wednesday, January 14th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Down 0.5%

The firm has a market capitalization of $22.39 billion, a P/E ratio of 655.10, a PEG ratio of 0.54 and a beta of 1.23. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.51. The firm’s 50-day moving average is $21.29 and its 200 day moving average is $16.03.

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.