Lundin Mining (OTCMKTS:LUNMF) Hits New 52-Week High – Here’s What Happened

Lundin Mining Corp. (OTCMKTS:LUNMF) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $24.45 and last traded at $24.40, with a volume of 19436 shares changing hands. The stock had previously closed at $23.5910.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, October 28th. Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Citigroup began coverage on Lundin Mining in a research note on Monday, December 15th. They issued a “buy” rating on the stock. Finally, CIBC reaffirmed a “neutral” rating on shares of Lundin Mining in a research note on Friday, December 12th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Lundin Mining presently has a consensus rating of “Moderate Buy”.

Lundin Mining Price Performance

The company has a 50 day moving average of $19.47 and a 200 day moving average of $14.81. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm has a market cap of $20.90 billion, a price-to-earnings ratio of 610.50, a P/E/G ratio of 0.57 and a beta of 1.23.

About Lundin Mining

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.