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

Shares of Lundin Mining Co. (TSE:LUN) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$23.31.

LUN has been the topic of several research reports. CIBC raised their price objective on Lundin Mining from C$18.00 to C$24.00 in a report on Friday, October 10th. Scotiabank increased their price target on Lundin Mining from C$23.00 to C$23.50 in a research report on Tuesday, October 28th. JPMorgan Chase & Co. decreased their price objective on Lundin Mining from C$28.00 to C$25.40 in a report on Wednesday, December 3rd. 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 research note on Wednesday, October 8th. Finally, Morgan Stanley increased their target price on shares of Lundin Mining from C$25.40 to C$25.80 in a report on Tuesday, December 2nd.

Lundin Mining Price Performance

Lundin Mining stock opened at C$26.74 on Thursday. 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$22.88 billion, a price-to-earnings ratio of 891.33, a price-to-earnings-growth ratio of -0.26 and a beta of 1.93. The firm has a 50-day moving average of C$23.54 and a two-hundred day moving average of C$18.08. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$27.03.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, November 5th. The mining company reported C$0.18 EPS for the quarter. The business had revenue of C$1.40 billion for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%.

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.