Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – Here’s What Happened

Lundin Mining Corp. (OTCMKTS:LUNMF) gapped up before the market opened on Monday . The stock had previously closed at $19.72, but opened at $21.17. Lundin Mining shares last traded at $20.31, with a volume of 6,207 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LUNMF. 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 downgraded Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. Haywood Securities lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. CIBC restated a “neutral” rating on shares of Lundin Mining in a research note on Friday. Finally, Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a report on Tuesday, October 28th. Four research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy”.

Lundin Mining Price Performance

The stock’s 50 day moving average price is $17.02 and its two-hundred day moving average price is $13.21. The stock has a market cap of $17.20 billion, a price-to-earnings ratio of 502.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.05.

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, 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.