Lundin Mining Co. (OTCMKTS:LUNMF) has been given an average rating of “Buy” by the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company.
Several equities research analysts have issued reports on LUNMF shares. Macquarie started coverage on Lundin Mining in a report on Wednesday, July 10th. They issued a “neutral” rating for the company. Raymond James set a $33.00 price target on LKQ and gave the stock a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 280 ($3.66) price target on shares of in a report on Wednesday, June 19th. BMO Capital Markets increased their price target on Sun Life Financial from C$58.00 to C$60.00 in a report on Friday, May 10th. Finally, ValuEngine downgraded Vereit from a “buy” rating to a “hold” rating in a report on Friday.
Shares of LUNMF traded up $0.22 during trading hours on Monday, hitting $5.53. 17,802 shares of the stock traded hands, compared to its average volume of 38,412. The company has a quick ratio of 2.63, a current ratio of 3.03 and a debt-to-equity ratio of 0.01. Lundin Mining has a 1-year low of $3.60 and a 1-year high of $5.94. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 23.09 and a beta of 1.99. The firm has a fifty day simple moving average of $5.16.
Lundin Mining Company Profile
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% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
Further Reading: Coverage Ratio
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