Lundin Mining (OTCMKTS:LUNMF) Reaches New 52-Week High – Time to Buy?

Lundin Mining Corp. (OTCMKTS:LUNMFGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $27.95 and last traded at $26.40, with a volume of 43001 shares. The stock had previously closed at $26.34.

Wall Street Analyst Weigh In

LUNMF has been the subject of several recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research note on Monday. Raymond James Financial reiterated a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. Wall Street Zen cut Lundin Mining from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Finally, CIBC reissued a “neutral” rating on shares of Lundin Mining in a research report on Friday, December 12th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Lundin Mining

Lundin Mining Trading Down 8.5%

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 0.96. The business’s 50-day moving average is $21.66 and its 200 day moving average is $16.19. The firm has a market capitalization of $21.56 billion, a P/E ratio of 630.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.23.

Lundin Mining Company Profile

(Get Free Report)

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.

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