Lundin Mining Given Average Recommendation of “Buy” by Brokerages (TSE:LUN)
Shares of Lundin Mining (TSE:LUN) have received a consensus rating of “Buy” from the fifteen analysts that are presently covering the company, Analyst Ratings Network reports. Two investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$6.65.
Lundin Mining (TSE:LUN) opened at 6.27 on Wednesday. Lundin Mining has a 52 week low of $3.87 and a 52 week high of $6.38. The stock has a 50-day moving average of $5.8 and a 200-day moving average of $5.33. The company has a market cap of $3.670 billion and a price-to-earnings ratio of 36.59.
Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.02. On average, analysts predict that Lundin Mining will post $0.24 earnings per share for the current fiscal year.
A number of research firms have recently commented on LUN. Analysts at Canaccord Genuity raised their price target on shares of Lundin Mining to C$7.25 in a research note on Wednesday. Separately, analysts at Raymond James raised their price target on shares of Lundin Mining from C$6.50 to C$6.75 in a research note on Thursday, June 5th. Finally, analysts at National Bank Financial raised their price target on shares of Lundin Mining from C$5.75 to C$6.25 in a research note on Wednesday, June 4th.
Lundin Mining Corporation (TSE:LUN) is a diversified base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel.
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