Lundin Mining (OTCMKTS:LUNMF) Upgraded to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Lundin Mining (OTCMKTS:LUNMF) to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Lundin Mining Trading Up 1.4 %

Shares of Lundin Mining stock opened at $8.82 on Thursday. The stock has a market capitalization of $7.65 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 0.36 and a beta of 1.46. 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 company has a 50-day simple moving average of $8.46 and a 200 day simple moving average of $9.32. Lundin Mining has a 12-month low of $7.51 and a 12-month high of $13.26.

Lundin Mining (OTCMKTS:LUNMF) last announced its earnings results 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 firm had revenue of $858.90 million for the quarter, compared to analyst estimates of $1.06 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. Research analysts expect that Lundin Mining will post 0.53 earnings per share for the current fiscal 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.