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

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $23.3301 and last traded at $23.23, with a volume of 23683 shares traded. The stock had previously closed at $21.54.

Analyst Upgrades and Downgrades

LUNMF has been the topic of several research analyst reports. TD Securities reissued a “buy” rating on shares of Lundin Mining in a report on Wednesday, September 10th. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a report on Tuesday, October 28th. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Haywood Securities lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Finally, Wall Street Zen cut shares of Lundin Mining from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Lundin Mining Stock Performance

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 company has a market cap of $19.75 billion, a P/E ratio of 577.00, a PEG ratio of 0.54 and a beta of 1.23. The business’s 50 day simple moving average is $18.78 and its 200 day simple moving average is $14.36.

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.