Lundin Mining (OTCMKTS:LUNMF) Upgraded to Strong-Buy at Canaccord Genuity Group

Lundin Mining (OTCMKTS:LUNMF) was upgraded by stock analysts at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Stifel Canada raised shares of Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. The Goldman Sachs Group upgraded Lundin Mining from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 6th. TD Securities upgraded shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Desjardins upgraded shares of Lundin Mining to a “moderate buy” rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Lundin Mining Price Performance

Shares of OTCMKTS LUNMF opened at $7.63 on Wednesday. The business’s 50 day moving average is $8.23 and its 200-day moving average is $8.98. The firm has a market cap of $6.61 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 0.36 and a beta of 1.39. Lundin Mining has a 1-year low of $6.30 and a 1-year high of $13.26. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28.

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