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

Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$35.84.

LUN has been the subject of a number of recent research reports. Royal Bank Of Canada upped their target price on Lundin Mining from C$29.00 to C$42.00 in a research note on Thursday, March 12th. Jefferies Financial Group raised their target price on Lundin Mining from C$32.00 to C$38.00 in a research report on Monday, January 12th. Stifel Nicolaus lifted their price target on shares of Lundin Mining from C$26.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Desjardins boosted their price target on shares of Lundin Mining from C$35.00 to C$42.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Ci Capital increased their price objective on shares of Lundin Mining from C$32.00 to C$41.00 in a research note on Wednesday, February 11th.

Lundin Mining Stock Up 2.6%

LUN stock opened at C$40.51 on Wednesday. Lundin Mining has a twelve month low of C$10.45 and a twelve month high of C$45.74. The company has a quick ratio of 0.90, a current ratio of 1.64 and a debt-to-equity ratio of 9.31. The company has a market cap of C$34.62 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of -0.26 and a beta of 2.22. The business’s 50-day simple moving average is C$35.93 and its 200 day simple moving average is C$30.11.

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