Lundin Mining (OTCMKTS:LUNMF) Reaches New 52-Week High – Here’s Why
by Jessica Moore · The Cerbat GemLundin Mining Corp. (OTCMKTS:LUNMF – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.00 and last traded at $21.43, with a volume of 13295 shares trading hands. The stock had previously closed at $21.25.
Analyst Upgrades and Downgrades
A number of research firms have commented on LUNMF. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Tuesday, October 28th. CIBC restated a “neutral” rating on shares of Lundin Mining in a research note on Friday, December 12th. Haywood Securities cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Wall Street Zen lowered Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Citigroup started coverage on Lundin Mining in a research note on Monday, December 15th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on Lundin Mining
Lundin Mining Stock Performance
The company’s 50 day simple moving average is $18.24 and its 200 day simple moving average is $14.04. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 539.20, a PEG ratio of 0.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.51.
About Lundin Mining
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.