Canaccord Genuity Group Upgrades Lundin Mining (OTCMKTS:LUNMF) to Strong-Buy

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

Separately, Citigroup reaffirmed a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Lundin Mining presently has a consensus rating of “Moderate Buy”.

Lundin Mining Trading Up 4.7%

OTCMKTS:LUNMF 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. Lundin Mining has a 1-year low of $16.63 and a 1-year high of $33.29. The stock has a fifty day simple moving average of $23.82 and a 200 day simple moving average of $25.78. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24.

Lundin Mining (OTCMKTS:LUNMF) last released its earnings results on Wednesday, November 4th. The basic materials company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.13 billion. Lundin Mining had a return on equity of 13.18% and a net margin of 31.82%. Sell-side analysts forecast that Lundin Mining will post 1.33 earnings per share for the current year.

Lundin Mining Company Profile

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.