Lundin Mining’s (LUNMF) Buy Rating Reaffirmed at UBS Group

Lundin Mining (OTCMKTS:LUNMF)‘s stock had its “buy” rating reiterated by stock analysts at UBS Group in a research report issued on Friday, The Fly reports.

Several other research firms have also commented on LUNMF. Morgan Stanley restated an “overweight” rating on shares of Lundin Mining in a research report on Tuesday, June 23rd. Barclays restated a “hold” rating and issued a $6.50 price objective on shares of Lundin Mining in a research report on Thursday, April 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Lundin Mining in a research report on Wednesday, July 15th. DNB Markets upgraded Lundin Mining from a “hold” rating to a “buy” rating and set a $7.02 price objective on the stock in a research report on Friday, April 17th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $7.00 target price on shares of Lundin Mining in a research note on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Lundin Mining has an average rating of “Hold” and a consensus target price of $8.31.

Lundin Mining stock 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 12 month low of $2.82 and a 12 month high of $6.36. The stock’s 50 day simple moving average is $5.52 and its two-hundred day simple moving average is $4.98. The firm has a market cap of $4.12 billion, a PE ratio of 80.31 and a beta of 1.82.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported ($0.06) EPS for the quarter. Lundin Mining had a return on equity of 3.11% and a net margin of 2.51%. The company had revenue of $378.00 million during the quarter.

About Lundin Mining

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.

See Also: How Does the Quiet Period Work?

The Fly

Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.