Lundin Mining Co. (TSE:LUN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Lundin Mining Co. (TSE:LUN) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$23.31.

LUN has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Lundin Mining from C$28.00 to C$25.40 in a research note on Wednesday, December 3rd. BMO Capital Markets upped their price target on Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Scotiabank increased their price objective on Lundin Mining from C$23.00 to C$23.50 in a report on Tuesday, October 28th. Morgan Stanley boosted their target price on Lundin Mining from C$25.40 to C$25.80 in a research note on Tuesday, December 2nd. Finally, Haywood Securities lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th.

Lundin Mining Trading Up 4.4%

Shares of TSE LUN opened at C$26.74 on Thursday. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$27.03. The business has a fifty day moving average price of C$23.54 and a 200 day moving average price of C$18.08. The stock has a market capitalization of C$22.88 billion, a P/E ratio of 891.33, a price-to-earnings-growth ratio of -0.26 and a beta of 1.93. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, November 5th. The mining company reported C$0.18 EPS for the quarter. The business had revenue of C$1.40 billion during the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%.

Lundin Mining Company Profile

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.