Lundin Mining (OTCMKTS:LUNMF) Stock Rating Lowered by ValuEngine

Lundin Mining (OTCMKTS:LUNMF) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Thursday, ValuEngine reports.

Several other research firms have also recently weighed in on LUNMF. JPMorgan Chase & Co. started coverage on shares of Lundin Mining in a report on Wednesday, June 19th. They set an “overweight” rating for the company. Morgan Stanley set a $8.00 price objective on shares of Lundin Mining and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Macquarie started coverage on shares of Lundin Mining in a report on Wednesday, July 10th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Lundin Mining has an average rating of “Hold” and an average price target of $8.00.

Shares of Lundin Mining stock opened at $5.20 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.15 and a current ratio of 2.49. The stock has a market capitalization of $3.42 billion, a PE ratio of 42.27 and a beta of 2.03. Lundin Mining has a 52-week low of $3.60 and a 52-week high of $5.94. The company has a 50-day simple moving average of $4.81 and a two-hundred day simple moving average of $4.95.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, July 24th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $369.25 million during the quarter. Lundin Mining had a return on equity of 1.90% and a net margin of 5.07%.

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.

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Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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