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

Lundin Mining Co. (TSE:LUN) has been given an average recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$35.09.

A number of research analysts recently commented on the company. Ventum Financial upped their price objective on Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Stifel Nicolaus upped their price target on Lundin Mining from C$26.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. TD Securities raised their price objective on Lundin Mining from C$42.00 to C$45.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Royal Bank Of Canada upped their target price on shares of Lundin Mining from C$29.00 to C$42.00 in a research report on Thursday, March 12th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Lundin Mining from C$30.00 to C$37.00 in a research note on Wednesday, February 4th.

Lundin Mining Price Performance

Lundin Mining stock opened at C$29.43 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 9.31. The company has a 50-day moving average price of C$35.89 and a 200 day moving average price of C$27.79. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$45.74. The stock has a market cap of C$25.15 billion, a P/E ratio of 19.75, a PEG ratio of -0.26 and a beta of 2.01.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Friday, February 20th. The mining company reported C$0.59 earnings per share for the quarter. The business had revenue of C$1.51 billion during the quarter. Lundin Mining had a net margin of 33.65% and a return on equity of 21.95%.

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.