Desjardins Upgrades Lundin Mining (OTCMKTS:LUNMF) to Moderate Buy

Lundin Mining (OTCMKTS:LUNMF) was upgraded by Desjardins to a “moderate buy” rating in a note issued to investors on Thursday,Zacks.com reports.

LUNMF has been the subject of several other research reports. The Goldman Sachs Group raised Lundin Mining from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 6th. Stifel Canada upgraded Lundin Mining to a “strong-buy” rating in a research note on Wednesday, March 19th.

Lundin Mining Price Performance

OTCMKTS LUNMF opened at $6.68 on Thursday. The company has a 50-day moving average price of $8.44 and a 200-day moving average price of $9.19. Lundin Mining has a 52 week low of $6.58 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. The firm has a market capitalization of $5.78 billion, a P/E ratio of 18.55, a PEG ratio of 0.36 and a beta of 1.52.

Lundin Mining (OTCMKTS:LUNMF) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). The business had revenue of $858.90 million for the quarter, compared to analysts’ expectations of $1.06 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. Equities research analysts anticipate that Lundin Mining will post 0.53 earnings per share for the current 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.