Lundin Mining (OTCMKTS:LUNMF) was downgraded by equities research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.
Several other research analysts have also recently issued reports on the stock. Raymond James reissued a “hold” rating on shares of Lundin Mining in a report on Friday, January 18th. CIBC reissued a “buy” rating on shares of Lundin Mining in a report on Sunday, January 20th. Morgan Stanley raised shares of Lundin Mining from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 2nd. Credit Suisse Group reissued a “neutral” rating on shares of Lundin Mining in a report on Sunday, December 2nd. Finally, TD Securities raised shares of Lundin Mining to a “buy” rating in a report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.
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Shares of OTCMKTS:LUNMF traded up $0.35 on Monday, hitting $4.90. 70,686 shares of the company were exchanged, compared to its average volume of 37,269. Lundin Mining has a 1-year low of $3.60 and a 1-year high of $7.09. The company has a current ratio of 4.73, a quick ratio of 4.26 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.59 billion, a P/E ratio of 10.98 and a beta of 1.80.
Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Thursday, February 14th. The basic materials company reported $0.04 EPS for the quarter. Lundin Mining had a net margin of 16.21% and a return on equity of 7.19%. The business had revenue of $407.70 million during the quarter.
Lundin Mining Company Profile
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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