Lundin Mining (OTCMKTS:LUNMF) Stock Rating Raised to Strong-Buy at Canaccord Genuity Group

Lundin Mining (OTCMKTS:LUNMF) was upgraded by stock analysts at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.

Separately, Citigroup reissued a “positive” rating on shares of Lundin Mining in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy”.

Lundin Mining Stock Up 4.7%

LUNMF stock opened at $20.92 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.60 and a debt-to-equity ratio of 0.02. The company has a market cap of $17.81 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.10 and a beta of 1.24. The company has a 50 day moving average of $23.82 and a two-hundred day moving average of $25.78. Lundin Mining has a 12-month low of $16.63 and a 12-month high of $33.29.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Lundin Mining had a net margin of 31.82% and a return on equity of 13.18%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities analysts anticipate that Lundin Mining will post 1.33 earnings per share for the current fiscal year.

About Lundin Mining

Lundin Mining Corporation is a Canadian base-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops, and operates mines that produce copper, zinc, gold, and silver, with copper representing its primary focus. Its products are sold to customers in industrial and metals markets.

Lundin Mining’s principal assets have included the Candelaria copper-gold-silver complex and Caserones copper-molybdenum mine in Chile, the Eagle nickel-copper mine in Michigan, and the Zinkgruvan zinc-lead-silver mine in Sweden.