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 fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$20.05.

Several analysts have recently weighed in on LUN shares. TD Securities increased their price target on shares of Lundin Mining from C$19.00 to C$26.00 in a research note on Tuesday. Jefferies Financial Group increased their price target on shares of Lundin Mining from C$18.00 to C$26.00 in a research note on Monday, October 6th. CIBC increased their price objective on shares of Lundin Mining from C$18.00 to C$24.00 in a research report on Friday, October 10th. National Bankshares increased their price objective on shares of Lundin Mining from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut shares of Lundin Mining from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from C$15.30 to C$15.60 in a research report on Thursday, July 10th.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$20.72 on Wednesday. The firm has a 50 day simple moving average of C$18.02 and a 200-day simple moving average of C$14.78. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$22.20. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The stock has a market cap of C$17.75 billion, a price-to-earnings ratio of -690.67, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85.

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.