Lundin Mining (OTCMKTS:LUNMF) Sets New 12-Month High – Should You Buy?

Lundin Mining Corp. (OTCMKTS:LUNMF) hit a new 52-week high during trading on Thursday . The stock traded as high as $21.46 and last traded at $20.25, with a volume of 16323 shares. The stock had previously closed at $20.32.

Analyst Upgrades and Downgrades

LUNMF has been the subject of a number of recent analyst reports. Wall Street Zen lowered Lundin Mining from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. TD Securities reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Wednesday, September 10th. Citigroup initiated coverage on shares of Lundin Mining in a report on Monday. They set a “buy” rating on the stock. Cormark downgraded shares of Lundin Mining from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, CIBC restated a “neutral” rating on shares of Lundin Mining in a research report on Friday, December 12th. Four investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Lundin Mining presently has an average rating of “Moderate Buy”.

Lundin Mining Trading Down 0.2%

The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $17.36 billion, a P/E ratio of 507.16, a price-to-earnings-growth ratio of 0.70 and a beta of 1.26. The firm’s 50-day simple moving average is $17.33 and its 200-day simple moving average is $13.41.

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.