Lundin Mining (OTCMKTS:LUNMF) Stock Rating Reaffirmed by CIBC

CIBC reissued their buy rating on shares of Lundin Mining (OTCMKTS:LUNMF) in a research report sent to investors on Monday morning, reports. The firm currently has a $8.00 price target on the basic materials company’s stock.

Several other brokerages have also weighed in on LUNMF. ValuEngine lowered shares of Lundin Mining from a sell rating to a strong sell rating in a report on Thursday, October 10th. Morgan Stanley set a $8.00 target price on shares of Lundin Mining and gave the company a buy rating in a research note on Tuesday, September 24th. Royal Bank of Canada cut shares of Lundin Mining to a buy rating and set a $9.00 price target on the stock. in a research report on Friday, October 25th. Finally, Barclays set a $8.00 price target on Lundin Mining and gave the stock a buy rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Lundin Mining presently has an average rating of Buy and an average target price of $8.25.

LUNMF stock opened at $5.46 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.07. The firm has a 50 day simple moving average of $5.39 and a 200-day simple moving average of $5.02. The company has a market capitalization of $3.98 billion, a P/E ratio of 38.71 and a beta of 2.07. Lundin Mining has a twelve month low of $3.91 and a twelve month high of $5.94.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter. Lundin Mining had a net margin of 5.72% and a return on equity of 2.36%. The firm had revenue of $538.70 million for the quarter.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland; and the Chapada copper-gold mine located in Brazil.

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Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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