Lundin Mining Co. (NASDAQ:LUNMF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia. The Company holds an extensive exploration portfolio and interests in international mining and exploration ventures. “

Lundin Mining (NASDAQ LUNMF) traded down 1.25% during midday trading on Friday, reaching $7.10. 15,411 shares of the company’s stock traded hands. Lundin Mining has a 1-year low of $3.75 and a 1-year high of $7.90. The firm’s 50 day moving average price is $7.32 and its 200-day moving average price is $6.07. The company has a market capitalization of $5.16 billion and a PE ratio of 16.40.

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About Lundin Mining

Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.

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