Lundin Mining (OTCMKTS:LUNMF) Upgraded at Desjardins

Lundin Mining (OTCMKTS:LUNMF) was upgraded by Desjardins to a “moderate buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other brokerages have also recently weighed in on LUNMF. Stifel Canada upgraded shares of Lundin Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group upgraded shares of Lundin Mining from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

Lundin Mining Stock Down 11.5 %

LUNMF opened at $6.68 on Thursday. The company has a market capitalization of $5.78 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 0.36 and a beta of 1.52. The firm has a 50-day simple moving average of $8.44 and a two-hundred day simple moving average of $9.19. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28. Lundin Mining has a 52 week low of $6.58 and a 52 week high of $13.26.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The firm had revenue of $858.90 million for the quarter, compared to the consensus estimate of $1.06 billion. Analysts forecast that Lundin Mining will post 0.53 earnings per share for the current fiscal year.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.