Lundin Mining (OTCMKTS:LUNMF) Upgraded by Stifel Canada to “Strong-Buy” Rating

Lundin Mining (OTCMKTS:LUNMF) was upgraded by Stifel Canada to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group raised Lundin Mining from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

Lundin Mining Trading Down 3.0 %

LUNMF opened at $8.98 on Wednesday. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 0.36 and a beta of 1.52. Lundin Mining has a 52 week low of $7.51 and a 52 week high of $13.26. The business’s 50 day moving average is $8.49 and its two-hundred day moving average is $9.24. 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 (OTCMKTS:LUNMF) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.10). The firm had revenue of $858.90 million for the quarter, compared to analyst estimates of $1.06 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. On average, research analysts predict that Lundin Mining will post 0.53 EPS 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.