Lundin Mining (OTC:LUNMF) Shares Down 3.8% - What’s Next?

The shares of Lundin Mining Corp. (OTC:LUNMF) experienced a decline of 3.8% in trading on Friday. The stock hit a low of $8.29 before closing at $8.32. Overall, approximately 112,173 shares changed hands, marking a decrease of 63% from the typical daily volume of 300,834 shares. The previous close stood at $8.65.

Analysts Update Price Targets

In related news, Scotiabank has downgraded Lundin Mining's stock from a "strong-buy" rating to a "hold" rating as stated in a research report released on January 15th.

Lundin Mining Stock Performance

The stock's 50-day simple moving average currently rests at $8.52. Financial indicators show the company has a debt-to-equity ratio of 0.28, a current ratio of 1.40, and a quick ratio of 0.96. Additionally, Lundin Mining has a market capitalization of $7.20 billion, a price-to-earnings (P/E) ratio of -32.00, a price-to-earnings-growth (PEG) ratio of 0.81, and a beta of 1.52.

About Lundin Mining Corporation

Lundin Mining Corporation is a rapidly growing and diversified mining company focused on base metals, with operations situated in Portugal, Spain, Sweden, and Ireland. The company operates six mines that produce copper, nickel, lead, and zinc. Furthermore, Lundin Mining is developing several projects, including the notable Tenke Fungurume copper-cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia.

Should You Sell Lundin Mining Shares?

Considering the current market trends and analyst ratings, investors may be weighing whether to hold or sell their shares in Lundin Mining. It is important to note that while some analysts have a hold rating on the stock, others suggest exploring alternative investment opportunities. Research by MarketBeat indicates five stocks that analysts recommend as generally better investments right now compared to Lundin Mining.

Ultimately, deciding whether to invest $1,000 in Lundin Mining requires thoughtful consideration of various factors, including market conditions and individual investment goals.

Lundin, Mining, Stocks