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

Shares of Lundin Mining Co. (TSE:LUN) have earned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$31.34.

LUN has been the subject of a number of research reports. Cormark upgraded Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Desjardins upped their target price on Lundin Mining from C$30.00 to C$35.00 and gave the stock a “buy” rating in a report on Monday. Scotiabank lifted their price target on Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Ventum Financial boosted their price target on Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Finally, BMO Capital Markets upped their price objective on Lundin Mining from C$22.00 to C$25.00 in a research note on Thursday, November 6th.

Lundin Mining Trading Up 2.7%

LUN opened at C$37.16 on Friday. The company has a market cap of C$31.75 billion, a P/E ratio of 1,238.67, a PEG ratio of -0.26 and a beta of 2.12. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The company’s 50 day moving average is C$29.91 and its 200-day moving average is C$22.42. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$38.85.

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

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.