Lundin Mining Given Consensus Recommendation of “Buy” by Analysts (TSE:LUN)
Shares of Lundin Mining (TSE:LUN) have been given a consensus recommendation of “Buy” by the eighteen ratings firms that are presently covering the stock, AR Network reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$7.05.
Lundin Mining (TSE:LUN) traded up 2.99% on Wednesday, hitting $6.20. 1,089,324 shares of the company’s stock traded hands. Lundin Mining has a 52-week low of $4.03 and a 52-week high of $6.57. The stock has a 50-day moving average of $6.24 and a 200-day moving average of $5.6. The company has a market cap of $3.633 billion and a price-to-earnings ratio of 27.36.
Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Analysts expect that Lundin Mining will post $0.24 EPS for the current fiscal year.
A number of research firms have recently commented on LUN. Analysts at Paradigm Capital raised their price target on shares of Lundin Mining from C$8.75 to C$10.00 in a research note on Friday, August 1st. Separately, analysts at Canaccord Genuity raised their price target on shares of Lundin Mining from C$7.25 to C$7.50 in a research note on Friday, August 1st. Finally, analysts at Desjardins raised their price target on shares of Lundin Mining from C$6.25 to C$6.50 in a research note on Thursday, July 31st. They now have a “hold” rating on the stock.
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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