Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Should You Buy?

Posted by Nicole Kennedy on Feb 4th, 2026

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $25.25, but opened at $26.91. Lundin Mining shares last traded at $26.57, with a volume of 5,923 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LUNMF shares. Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a report on Wednesday, January 14th. Cormark upgraded Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research note on Monday, January 26th. Citigroup started coverage on Lundin Mining in a research report on Monday, December 15th. They set a “buy” rating for the company. Finally, CIBC restated a “neutral” rating on shares of Lundin Mining in a report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Report on Lundin Mining

Lundin Mining Trading Down 9.2%

The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $22.14 and a 200-day simple moving average of $16.61. The company has a market capitalization of $20.57 billion, a PE ratio of 601.88, a PEG ratio of 0.53 and a beta of 1.24.

About Lundin Mining

(Get Free Report)

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.