Zacks Investment Research lowered shares of Lundin Mining Co. (NASDAQ:LUNMF) from a buy rating to a hold rating in a research note published on Saturday.

According to Zacks, “LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia. The Company holds an extensive exploration portfolio and interests in international mining and exploration ventures. “

Shares of Lundin Mining (LUNMF) traded down 1.25% during mid-day trading on Friday, reaching $7.10. 15,411 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $7.32 and a 200-day moving average price of $6.07. Lundin Mining has a 1-year low of $3.75 and a 1-year high of $7.90. The company has a market capitalization of $5.16 billion and a P/E ratio of 16.40.

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About Lundin Mining

Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.

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