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

Lundin Mining Co. (TSE:LUN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$34.65 and traded as high as C$38.57. Lundin Mining shares last traded at C$37.86, with a volume of 2,531,020 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LUN shares. Desjardins boosted their price objective on shares of Lundin Mining from C$35.00 to C$42.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. The Goldman Sachs Group boosted their price objective on shares of Lundin Mining from C$40.80 to C$48.20 in a research report on Friday, June 5th. National Bank Financial upped their price target 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 increased their price objective on shares of Lundin Mining from C$29.00 to C$42.00 in a research report on Thursday, March 12th. Finally, BMO Capital Markets upped their target price on shares of Lundin Mining from C$36.00 to C$45.00 in a research note on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$39.15.

Lundin Mining Stock Performance

The stock’s 50-day moving average price is C$38.35 and its 200 day moving average price is C$34.65. The company has a market cap of C$32.38 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of -0.26 and a beta of 2.24. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 5.55.

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

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.