Lundin Mining (OTC:LUNMF) Stock Price Down 3.8% - Here's Why

Shares of Lundin Mining Corp. (OTC:LUNMF - Get Free Report) were down 3.8% on Friday . The stock traded as low as $8.29 and last traded at $8.32. Approximately 112,173 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 300,834 shares. The stock had previously closed at $8.65.

Analysts Set New Price Targets

Separately, Scotiabank cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 15th.

Lundin Mining Price Performance

The firm has a market cap of $7.08 billion, a PE ratio of -31.46, a price-to-earnings-growth ratio of 0.81 and a beta of 1.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a 50 day simple moving average of $8.52.

Lundin Mining Company Profile

LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia.