Lundin Mining Co. (OTCMKTS:LUNMF) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.00.
Several brokerages have recently issued reports on LUNMF. CIBC set a $8.00 price objective on Lundin Mining and gave the stock a “buy” rating in a research note on Thursday, October 17th. ValuEngine cut Lundin Mining from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 10th. Morgan Stanley set a $8.00 price objective on Lundin Mining and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Barclays set a $8.00 price objective on Lundin Mining and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Macquarie began coverage on Lundin Mining in a research note on Wednesday, July 10th. They issued a “neutral” rating for the company.
Shares of OTCMKTS:LUNMF opened at $5.19 on Wednesday. Lundin Mining has a 52-week low of $3.60 and a 52-week high of $5.94. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 47.24 and a beta of 2.03. The company has a quick ratio of 2.15, a current ratio of 2.49 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $4.95 and a 200-day moving average price of $4.98.
Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, July 24th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. Lundin Mining had a return on equity of 1.90% and a net margin of 5.07%. The firm had revenue of $369.25 million during the quarter.
About Lundin Mining
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland; and the Chapada copper-gold mine located in Brazil.
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