Lundin Mining (OTCMKTS:LUNMF) Rating Increased to Hold at Barclays

Lundin Mining (OTCMKTS:LUNMF) was upgraded by Barclays to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other brokerages have also recently weighed in on LUNMF. National Bank Financial cut Lundin Mining from an “outperform” rating to a “hold” rating in a research note on Monday, February 16th. TD Securities reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a research note on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Wednesday, February 11th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Lundin Mining in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lundin Mining currently has an average rating of “Moderate Buy”.

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at $27.28 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.64 and a debt-to-equity ratio of 0.03. The company has a market cap of $23.34 billion, a PE ratio of 16.24, a P/E/G ratio of 1.31 and a beta of 1.18. The business has a 50 day moving average of $26.39 and a 200 day moving average of $24.02. Lundin Mining has a 52 week low of $8.95 and a 52 week high of $33.29.

Lundin Mining (OTCMKTS:LUNMF) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Lundin Mining had a return on equity of 12.06% and a net margin of 32.67%. As a group, equities research analysts forecast that Lundin Mining will post 1.18 earnings per share for the current year.

Lundin Mining Company Profile

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.