Lundin Mining (OTCMKTS:LUNMF) Earns Buy Rating from CIBC
CIBC reiterated their buy rating on shares of Lundin Mining (OTCMKTS:LUNMF) in a report published on Monday, AnalystRatings.com reports. The firm currently has a $8.00 price objective on the basic materials company’s stock.
Several other equities research analysts have also recently issued reports on the company. Morgan Stanley set a $8.00 price target on Lundin Mining and gave the company a buy rating in a research note on Tuesday, September 24th. Royal Bank of Canada cut Lundin Mining to a buy rating and set a $9.00 price objective for the company. in a report on Friday, October 25th. Barclays set a $8.00 price objective on Lundin Mining and gave the company a buy rating in a report on Tuesday, October 15th. Finally, ValuEngine downgraded Lundin Mining from a sell rating to a strong sell rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Lundin Mining has an average rating of Buy and a consensus price target of $8.25.
Lundin Mining stock traded down $0.13 during midday trading on Monday, hitting $5.39. The company’s stock had a trading volume of 7,287 shares, compared to its average volume of 38,074. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 38.71 and a beta of 2.07. Lundin Mining has a 1-year low of $3.91 and a 1-year high of $5.94. The company has a 50-day moving average price of $5.40 and a two-hundred day moving average price of $5.03.
About Lundin Mining
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland; and the Chapada copper-gold mine located in Brazil.
Further Reading: Ex-Dividend
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