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

Shares of Lundin Mining Co. (TSE:LUN) have received an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$38.49.

LUN has been the subject of several research analyst reports. Citigroup lifted their price objective on Lundin Mining from C$32.00 to C$41.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Desjardins boosted their price target on Lundin Mining from C$35.00 to C$42.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. TD reduced their price target on shares of Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating for the company in a research report on Friday, April 10th. BMO Capital Markets increased their price objective on shares of Lundin Mining from C$36.00 to C$45.00 in a research note on Wednesday, April 22nd. Finally, Ci Capital raised their price objective on shares of Lundin Mining from C$32.00 to C$41.00 in a report on Wednesday, February 11th.

Lundin Mining Stock Down 4.1%

Shares of Lundin Mining stock opened at C$42.29 on Thursday. Lundin Mining has a twelve month low of C$13.37 and a twelve month high of C$45.74. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 5.55. The company’s 50 day moving average is C$37.63 and its 200 day moving average is C$34.09. The company has a market cap of C$36.17 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of -0.26 and a beta of 2.25.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, May 6th. The mining company reported C$0.43 earnings per share for the quarter. The business had revenue of C$1.61 billion during the quarter. Lundin Mining had a net margin of 35.92% and a return on equity of 23.11%.

About Lundin Mining

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.