Lundin Mining (OTCMKTS:LUNMF) Hits New 1-Year High – Still a Buy?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $24.45 and last traded at $24.40, with a volume of 19436 shares traded. The stock had previously closed at $23.5910.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LUNMF. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Citigroup assumed coverage on Lundin Mining in a report on Monday, December 15th. They set a “buy” rating for the company. Wall Street Zen cut Lundin Mining from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, October 28th. Finally, CIBC restated a “neutral” rating on shares of Lundin Mining in a report on Friday, December 12th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Lundin Mining Trading Down 1.2%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.51. The stock has a market capitalization of $20.56 billion, a P/E ratio of 600.75, a price-to-earnings-growth ratio of 0.58 and a beta of 1.23. The stock has a 50-day moving average price of $19.81 and a two-hundred day moving average price of $15.00.

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.