Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up – What’s Next?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $18.7880, but opened at $19.90. Lundin Mining shares last traded at $18.71, with a volume of 3,027 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. TD Securities reissued a “buy” rating on shares of Lundin Mining in a research report on Wednesday, September 10th. Cormark downgraded Lundin Mining from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 13th. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, October 28th. Finally, Haywood Securities cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Four analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Lundin Mining Price Performance

The business has a 50 day simple moving average of $16.60 and a 200-day simple moving average of $12.84. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 466.00, a P/E/G ratio of 0.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.51.

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.