Lundin Mining (OTCMKTS:LUNMF) was downgraded by equities research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued on Friday, The Fly reports.
Other equities analysts have also issued reports about the company. Credit Suisse Group restated a “hold” rating and set a $7.00 target price on shares of Lundin Mining in a report on Thursday, April 30th. TD Securities cut their target price on Lundin Mining from $9.50 to $9.00 and set a “hold” rating on the stock in a report on Thursday. Scotiabank raised their target price on Lundin Mining from $8.50 to $8.75 and gave the company an “outperform” rating in a report on Thursday, July 9th. DNB Markets upgraded Lundin Mining from a “hold” rating to a “buy” rating and set a $7.02 target price on the stock in a report on Friday, April 17th. Finally, Barclays restated a “hold” rating and set a $6.50 target price on shares of Lundin Mining in a report on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Lundin Mining has an average rating of “Hold” and an average target price of $8.31.
Shares of OTCMKTS:LUNMF opened at $5.62 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.05. Lundin Mining has a 1 year low of $2.82 and a 1 year high of $6.36. The business has a fifty day simple moving average of $5.52 and a 200 day simple moving average of $4.98. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 80.31 and a beta of 1.82.
Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter. Lundin Mining had a return on equity of 3.11% and a net margin of 2.51%. The firm had revenue of $378.00 million for 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% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland; and the Chapada copper-gold mine located in Brazil.
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