Lundin Mining (OTCMKTS:LUNMF) Hits New 12-Month High at $6.00

Lundin Mining Co. (OTCMKTS:LUNMF) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $6.00 and last traded at $5.80, with a volume of 28942 shares changing hands. The stock had previously closed at $5.87.

LUNMF has been the topic of a number of research analyst reports. Morgan Stanley set a $8.00 target price on Lundin Mining and gave the company a “buy” rating in a research report on Tuesday, September 24th. CIBC reissued a “buy” rating and issued a $8.00 target price on shares of Lundin Mining in a research report on Monday, December 2nd. Barclays lowered Lundin Mining to a “hold” rating and set a $7.00 target price on the stock. in a research report on Wednesday. ValuEngine raised Lundin Mining from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada lowered Lundin Mining to a “buy” rating and set a $9.00 target price on the stock. in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.00.

The business has a 50-day moving average price of $5.48 and a two-hundred day moving average price of $5.07. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 0.07. The firm has a market cap of $4.32 billion, a PE ratio of 41.93 and a beta of 2.07.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.04 earnings per share for the quarter. Lundin Mining had a return on equity of 2.36% and a net margin of 5.72%. The business had revenue of $538.70 million for the quarter.

About Lundin Mining (OTCMKTS:LUNMF)

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.

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