Lundin Mining (OTCMKTS:LUNMF) Rating Lowered to Hold at UBS Group

Lundin Mining (OTCMKTS:LUNMF) was downgraded by UBS Group from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group raised Lundin Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 16th. TD Securities upgraded Lundin Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. The Goldman Sachs Group upgraded Lundin Mining from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 6th. Desjardins raised shares of Lundin Mining to a “moderate buy” rating in a research note on Thursday, April 3rd. Finally, Stifel Canada upgraded shares of Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Lundin Mining Stock Up 1.5 %

Shares of OTCMKTS:LUNMF opened at $8.47 on Friday. The company has a market capitalization of $7.29 billion, a P/E ratio of 23.53, a P/E/G ratio of 0.36 and a beta of 1.39. The stock’s fifty day simple moving average is $8.16 and its 200-day simple moving average is $8.80. Lundin Mining has a 52-week low of $6.30 and a 52-week high of $13.26. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.10). The firm had revenue of $858.90 million for the quarter, compared to analyst estimates of $1.06 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. As a group, equities research analysts forecast that Lundin Mining will post 0.53 earnings per share for the current fiscal year.

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.