Lundin Mining Receives Consensus Rating of “Buy” from Brokerages (TSE:LUN)
Lundin Mining (TSE:LUN) has received an average rating of “Buy” from the eighteen brokerages that are currently covering the stock, American Banking and Market News reports. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$7.05.
Shares of Lundin Mining (TSE:LUN) opened at 6.02 on Wednesday. Lundin Mining has a 1-year low of $4.03 and a 1-year high of $6.57. The stock has a 50-day moving average of $6.23 and a 200-day moving average of $5.62. The company has a market cap of $3.527 billion and a P/E ratio of 27.59.
Lundin Mining (TSE:LUN) last posted its quarterly earnings results 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. 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 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.