Lundin Mining Co. (TSE:LUN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Lundin Mining Co. (TSE:LUN) have been given an average rating of “Moderate Buy” by the sixteen brokerages that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$33.71.

A number of equities analysts have recently commented on LUN shares. Desjardins lifted their target price on Lundin Mining from C$30.00 to C$35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “hold” rating and set a C$40.00 price target for the company. in a research report on Tuesday, February 17th. Citigroup boosted their price objective on shares of Lundin Mining from C$32.00 to C$41.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Canadian Imperial Bank of Commerce increased their target price on shares of Lundin Mining from C$30.00 to C$37.00 in a research note on Wednesday, February 4th. Finally, Ventum Financial lifted their price target on shares of Lundin Mining from C$25.00 to C$32.00 in a research note on Monday, December 22nd.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$41.63 on Tuesday. The company’s 50-day moving average price is C$33.07 and its 200-day moving average price is C$25.09. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The company has a market cap of C$35.57 billion, a PE ratio of 1,387.67, a price-to-earnings-growth ratio of -0.26 and a beta of 2.08. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$41.84.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Thursday, February 19th. The mining company reported C$0.59 EPS for the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.The company had revenue of C$1.51 billion during the quarter.

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.