Lundin Mining (TSE:LUN) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Lundin Mining Co. (TSE:LUN)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$35.84 and traded as low as C$33.06. Lundin Mining shares last traded at C$33.26, with a volume of 1,983,169 shares.

Analyst Ratings Changes

Several research analysts have commented on the company. TD dropped their price target on Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. National Bank Financial boosted their target price on shares of Lundin Mining from C$42.00 to C$43.50 and gave the stock a “sector perform” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada upped their target price on shares of Lundin Mining from C$29.00 to C$42.00 in a research note on Thursday, March 12th. BMO Capital Markets raised their price target on shares of Lundin Mining from C$36.00 to C$45.00 in a research report on Wednesday, April 22nd. Finally, Barclays set a C$42.00 price objective on shares of Lundin Mining and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$39.74.

Lundin Mining Trading Down 4.4%

The company has a 50 day moving average of C$37.54 and a 200 day moving average of C$35.84. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 5.55. The firm has a market cap of C$28.40 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of -0.26 and a beta of 2.32.

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

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.