Lundin Mining (OTCMKTS:LUNMF) Lowered to Hold Rating by Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of Lundin Mining (OTCMKTS:LUNMF) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on LUNMF. Dnb Carnegie raised Lundin Mining to a “hold” rating in a report on Friday, July 3rd. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, April 21st. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, July 7th. Barclays raised shares of Lundin Mining to a “hold” rating in a report on Friday, May 22nd. Finally, Citigroup reiterated a “positive” rating on shares of Lundin Mining in a research note on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Lundin Mining Price Performance

Lundin Mining stock opened at $27.06 on Thursday. Lundin Mining has a 12 month low of $10.78 and a 12 month high of $33.29. The company has a current ratio of 1.81, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $25.79 and its 200 day simple moving average is $26.38. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.09 and a beta of 1.26.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.04). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Lundin Mining had a net margin of 31.82% and a return on equity of 13.41%. Sell-side analysts forecast that Lundin Mining will post 1.34 EPS for the current year.

Lundin Mining Company Profile

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.