Lundin Mining Co. (TSE:LUN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Lundin Mining Co. (TSE:LUN) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$20.59.

Several equities research analysts have weighed in on LUN shares. BMO Capital Markets increased their price objective on Lundin Mining from C$22.00 to C$25.00 in a report on Thursday, November 6th. Jefferies Financial Group lifted their price target on shares of Lundin Mining from C$18.00 to C$26.00 in a report on Monday, October 6th. National Bankshares upped 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 report on Wednesday, October 8th. TD Securities raised their target price on shares of Lundin Mining from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Morgan Stanley lifted their target price on shares of Lundin Mining from C$13.70 to C$14.50 in a research note on Wednesday, August 20th.

Lundin Mining Trading Up 2.1%

Shares of LUN stock opened at C$25.66 on Friday. The business has a 50-day moving average of C$20.71 and a 200 day moving average of C$16.39. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$26.41. The stock has a market capitalization of C$21.98 billion, a PE ratio of 855.33, a P/E/G ratio of -0.26 and a beta of 1.93.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, November 5th. The mining company reported C$0.19 earnings per share for the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.The firm 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.