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

Shares of Lundin Mining Co. (TSE:LUN) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$31.34.

A number of analysts have weighed in on the stock. Scotiabank increased their target price on shares of Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Morgan Stanley increased their price objective on shares of Lundin Mining from C$25.80 to C$29.60 in a research report on Tuesday, December 16th. Haywood Securities lifted their target price on shares of Lundin Mining from C$32.00 to C$42.00 in a research note on Friday, January 23rd. BMO Capital Markets boosted their target price on shares of Lundin Mining from C$22.00 to C$25.00 in a report on Thursday, November 6th. Finally, Desjardins upped their price target on shares of Lundin Mining from C$30.00 to C$35.00 and gave the company a “buy” rating in a research report on Monday.

Lundin Mining Stock Up 2.7%

Shares of TSE:LUN opened at C$37.16 on Friday. The firm has a market cap of C$31.75 billion, a P/E ratio of 1,238.67, a P/E/G ratio of -0.26 and a beta of 2.12. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$38.85. The business has a fifty day simple moving average of C$29.91 and a 200 day simple moving average of C$22.42. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share 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$1.40 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.