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

Lundin Mining (OTCMKTS:LUNMF) was upgraded by The Goldman Sachs Group to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Lundin Mining Stock Up 1.4 %

LUNMF opened at $8.82 on Thursday. Lundin Mining has a 12 month low of $7.51 and a 12 month high of $13.26. 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 business’s 50-day moving average price is $8.46 and its 200-day moving average price is $9.32. The company has a market cap of $7.65 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.36 and a beta of 1.46.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). The company had revenue of $858.90 million during the quarter, compared to analysts’ expectations of $1.06 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. On average, equities analysts expect that Lundin Mining will post 0.53 EPS 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.