UBS Group Downgrades Lundin Mining (OTCMKTS:LUNMF) to Hold

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) was downgraded by UBS Group from a "strong-buy" rating to a "hold" rating in a research note issued on Friday,Zacks.com reports.

LUNMF has been the subject of several other research reports. The Goldman Sachs Group raised shares of Lundin Mining from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 6th. TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Stifel Canada raised shares of Lundin Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Desjardins raised Lundin Mining to a "moderate buy" rating in a report on Thursday, April 3rd. Finally, Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Lundin Mining Stock Up 1.5 %

Lundin Mining stock opened at $8.47 on Friday. Lundin Mining has a 12 month low of $6.30 and a 12 month high of $13.26. The stock has a fifty day simple moving average of $8.16 and a two-hundred day simple moving average of $8.81. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 0.36 and a beta of 1.39.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.10). Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. The business had revenue of $858.90 million during the quarter, compared to the consensus estimate of $1.06 billion. Equities analysts predict that Lundin Mining will post 0.53 EPS for the current fiscal year.

Lundin Mining Company Profile

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.

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