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

Lundin Mining (OTCMKTS:LUNMF) was upgraded by investment analysts at Barclays to a “hold” rating in a report released on Friday,Zacks.com reports.

A number of other research analysts also recently issued reports on LUNMF. Citigroup reaffirmed a “buy” rating on shares of Lundin Mining in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Lundin Mining in a report on Friday, May 15th. TD Securities reaffirmed a “buy” rating on shares of Lundin Mining in a report on Monday, February 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Tuesday, February 24th. Finally, National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “hold” rating in a report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Lundin Mining Trading Down 0.9%

OTCMKTS LUNMF opened at $27.28 on Friday. Lundin Mining has a 12 month low of $8.95 and a 12 month high of $33.29. The stock has a market cap of $23.34 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.31 and a beta of 1.18. The stock’s fifty day moving average price is $26.39 and its 200-day moving average price is $24.02. The company has a current ratio of 1.64, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

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