Lundin Mining (OTCMKTS:LUNMF) Reaches New 52-Week High – Here’s Why

Lundin Mining Corp. (OTCMKTS:LUNMF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.00 and last traded at $21.43, with a volume of 13295 shares trading hands. The stock had previously closed at $21.25.

Analyst Upgrades and Downgrades

A number of research firms have commented on LUNMF. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Tuesday, October 28th. CIBC restated a “neutral” rating on shares of Lundin Mining in a research note on Friday, December 12th. Haywood Securities cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Wall Street Zen lowered Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Citigroup started coverage on Lundin Mining in a research note on Monday, December 15th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Lundin Mining Stock Performance

The company’s 50 day simple moving average is $18.24 and its 200 day simple moving average is $14.04. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 539.20, a PEG ratio of 0.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.51.

About Lundin Mining

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.