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

Lundin Mining Corp. (OTCMKTS:LUNMF) shares hit a new 52-week high on Monday . The company traded as high as $24.45 and last traded at $24.40, with a volume of 19436 shares changing hands. The stock had previously closed at $23.5910.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LUNMF shares. Wall Street Zen lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. CIBC reissued a “neutral” rating on shares of Lundin Mining in a research note on Friday, December 12th. Citigroup began coverage on Lundin Mining in a research report on Monday, December 15th. They set a “buy” rating for the company. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, October 28th. Finally, Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Lundin Mining Stock Performance

The stock has a market capitalization of $20.90 billion, a P/E ratio of 610.50, a P/E/G ratio of 0.57 and a beta of 1.23. The stock has a 50 day simple moving average of $19.47 and a two-hundred day simple moving average of $14.81. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.05.

About Lundin Mining

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.