Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Should You Buy?

Lundin Mining Corp. (OTCMKTS:LUNMF) gapped up before the market opened on Friday . The stock had previously closed at $18.7880, but opened at $19.90. Lundin Mining shares last traded at $18.71, with a volume of 3,027 shares.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LUNMF shares. Cormark cut shares of Lundin Mining from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 13th. Wall Street Zen lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. TD Securities restated a “buy” rating on shares of Lundin Mining in a report on Wednesday, September 10th. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, October 28th. Finally, Haywood Securities lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Four research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Lundin Mining presently has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Down 0.3%

The business has a 50 day simple moving average of $16.51 and a 200 day simple moving average of $12.75. The company has a market capitalization of $16.05 billion, a price-to-earnings ratio of 468.45, a PEG ratio of 0.68 and a beta of 1.26. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.51 and a quick ratio of 0.96.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.