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

Lundin Mining Co. (TSE:LUN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$36.30 and traded as high as C$37.22. Lundin Mining shares last traded at C$36.24, with a volume of 4,112,714 shares trading hands.

Analyst Ratings Changes

LUN has been the topic of several research analyst reports. Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a report on Friday, July 3rd. ATB Cormark Capital Markets lifted 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. BMO Capital Markets upped their target price on Lundin Mining from C$36.00 to C$45.00 in a research report on Wednesday, April 22nd. Morgan Stanley cut their price target on shares of Lundin Mining from C$39.70 to C$34.90 in a research note on Thursday, April 9th. Finally, Scotiabank increased their price objective on Lundin Mining from C$36.00 to C$42.00 and gave the company a “sector outperform” rating in a report on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$39.69.

Lundin Mining Trading Down 3.2%

The stock has a market cap of C$30.94 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of -0.26 and a beta of 2.32. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.90 and a current ratio of 1.81. The company has a 50 day moving average of C$36.95 and a two-hundred day moving average of C$36.30.

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