Lundin Mining (OTCMKTS:LUNMF) Upgraded at The Goldman Sachs Group

Lundin Mining (OTCMKTS:LUNMF) was upgraded by research analysts at The Goldman Sachs Group to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Lundin Mining Stock Performance

Shares of LUNMF stock opened at $8.82 on Thursday. The stock has a fifty day moving average of $8.46 and a 200 day moving average of $9.32. Lundin Mining has a 52 week low of $7.51 and a 52 week high of $13.26. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 0.36 and a beta of 1.46. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. The business had revenue of $858.90 million during the quarter, compared to analysts’ expectations of $1.06 billion. As a group, research analysts expect that Lundin Mining will post 0.53 earnings per share for the current year.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.