Lundin Mining (OTCMKTS:LUNMF) Upgraded 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 released on Thursday,Zacks.com reports.

Lundin Mining Stock Performance

Shares of OTCMKTS LUNMF opened at $8.82 on Thursday. 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 firm has a market cap of $7.65 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 0.36 and a beta of 1.52. The business’s 50-day simple moving average is $8.46 and its 200-day simple moving average is $9.32. Lundin Mining has a 52 week low of $7.51 and a 52 week high of $13.26.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.06 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. As a group, equities 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.