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

Shares of Lundin Mining Co. (TSE:LUN) have earned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$39.69.

Several equities research analysts recently commented on the company. Morgan Stanley decreased their target price on Lundin Mining from C$39.70 to C$34.90 in a research note on Thursday, April 9th. National Bank Financial dropped their price target on Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a report on Friday, July 3rd. ATB Cormark Capital Markets raised their price objective on shares of Lundin Mining from C$32.50 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Finally, TD lowered their price objective on shares of Lundin Mining from C$44.00 to C$43.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at C$36.24 on Friday. 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 business has a 50-day moving average price of C$36.95 and a two-hundred day moving average price of C$36.30. Lundin Mining has a 1-year low of C$13.37 and a 1-year high of C$45.74. The company has a market cap of C$30.94 billion, a P/E ratio of 21.70, a PEG ratio of -0.26 and a beta of 2.32.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, May 6th. The mining company reported C$0.43 earnings per share for the quarter. The firm had revenue of C$1.61 billion during 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.