Lundin Mining (OTCMKTS:LUNMF) Reaches New 52-Week High – Still a Buy?

Lundin Mining Corp. (OTCMKTS:LUNMF) shares hit a new 52-week high on Tuesday . The company traded as high as $25.72 and last traded at $25.72, with a volume of 101422 shares changing hands. The stock had previously closed at $25.18.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Wall Street Zen downgraded Lundin Mining from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, October 28th. Citigroup began coverage on Lundin Mining in a research report on Monday, December 15th. They set a “buy” rating on the stock. Finally, Raymond James Financial restated a “market perform” rating on shares of Lundin Mining in a research note on Wednesday, January 14th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Lundin Mining Price Performance

The firm has a 50-day simple moving average of $20.41 and a 200-day simple moving average of $15.40. The firm has a market cap of $21.97 billion, a P/E ratio of 643.00, a PEG ratio of 0.56 and a beta of 1.23. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

Lundin Mining Company Profile

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.