Lundin Mining (OTCMKTS:LUNMF) Rating Increased to Moderate Buy at Cormark

Lundin Mining (OTCMKTS:LUNMF) was upgraded by investment analysts at Cormark from a “hold” rating to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on LUNMF. Haywood Securities cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a research report on Wednesday, September 10th. Citigroup started coverage on Lundin Mining in a research note on Monday, December 15th. They issued a “buy” rating for the company. CIBC reiterated a “neutral” rating on shares of Lundin Mining in a research report on Friday, December 12th. Finally, Wall Street Zen lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Lundin Mining Stock Up 4.5%

OTCMKTS LUNMF opened at $21.29 on Monday. Lundin Mining has a 52 week low of $6.30 and a 52 week high of $21.80. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $18.22 billion, a P/E ratio of 532.30, a price-to-earnings-growth ratio of 0.70 and a beta of 1.26. The stock’s 50-day moving average price is $17.64 and its 200-day moving average price is $13.65.

Lundin Mining Company Profile

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.