Lundin Mining (OTCMKTS:LUNMF) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Lundin Mining (OTCMKTS:LUNMF - Free Report) from a buy rating to a strong-buy rating in a research note released on Thursday, Marketbeat Ratings reports.

Lundin Mining Stock Up 2.2 %

OTCMKTS:LUNMF traded up $0.19 during mid-day trading on Thursday, reaching $8.72. The company's stock had a trading volume of 182,303 shares, compared to its average volume of 301,041. 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 has a 1 year low of $7.51 and a 1 year high of $13.26. The stock has a fifty day moving average of $8.46 and a 200-day moving average of $9.29. The firm has a market capitalization of $7.57 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 0.36 and a beta of 1.52.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.12 earnings per share (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 the consensus estimate of $1.06 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. Equities research analysts forecast that Lundin Mining will post 0.53 earnings per share for the current 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.