Lundin Mining (OTCMKTS:LUNMF) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Lundin Mining (OTCMKTS:LUNMF) from a sell rating to a hold rating in a research note published on Friday morning, ValuEngine reports.

LUNMF has been the subject of several other reports. Macquarie began coverage on Lundin Mining in a research report on Wednesday, July 10th. They set a neutral rating for the company. Raymond James set a $33.00 price objective on LKQ and gave the stock a buy rating in a research report on Friday, April 26th. BMO Capital Markets upped their price objective on Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, May 10th. Morgan Stanley set a $196.00 target price on Alibaba Group and gave the company a buy rating in a research report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 280 ($3.66) target price on shares of in a research report on Wednesday, June 19th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy.

OTCMKTS:LUNMF opened at $5.37 on Friday. The business’s 50-day simple moving average is $5.22. The firm has a market cap of $3.97 billion, a PE ratio of 24.06 and a beta of 1.99. Lundin Mining has a 1 year low of $3.60 and a 1 year high of $5.94. The company has a current ratio of 3.03, a quick ratio of 2.63 and a debt-to-equity ratio of 0.01.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $416.40 million during the quarter. Lundin Mining had a return on equity of 3.96% and a net margin of 9.95%.

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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Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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