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

Shares of Lundin Mining Co. (TSE:LUN) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$39.74.

Several research analysts have commented on LUN shares. Barclays set a C$42.00 price objective on Lundin Mining and gave the stock an “equal weight” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. downgraded Lundin Mining from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from C$32.90 to C$28.20 in a report on Monday, March 9th. Desjardins raised their price objective on Lundin Mining from C$35.00 to C$42.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Royal Bank Of Canada raised their price objective on Lundin Mining from C$29.00 to C$42.00 in a report on Thursday, March 12th. Finally, BMO Capital Markets raised their price objective on Lundin Mining from C$36.00 to C$45.00 in a report on Wednesday, April 22nd.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$33.73 on Monday. The company has a 50 day moving average price of C$38.16 and a 200-day moving average price of C$35.48. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.90 and a current ratio of 1.81. Lundin Mining has a fifty-two week low of C$13.37 and a fifty-two week high of C$45.74. The company has a market capitalization of C$28.85 billion, a PE ratio of 20.20, a P/E/G ratio of -0.26 and a beta of 2.24.

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