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

Lundin Mining Co. (TSE:LUN) has received an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$33.71.

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Lundin Mining from C$23.90 to C$35.80 in a research report on Tuesday, January 13th. Ci Capital raised their target price on shares of Lundin Mining from C$32.00 to C$41.00 in a research note on Wednesday, February 11th. JPMorgan Chase & Co. decreased their price target on shares of Lundin Mining from C$28.00 to C$25.40 in a research note on Wednesday, December 3rd. Ventum Financial increased their price objective on shares of Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Finally, Desjardins increased their price target on Lundin Mining from C$30.00 to C$35.00 and gave the company a “buy” rating in a research note on Monday, January 26th.

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at C$41.63 on Tuesday. The company has a market capitalization of C$35.57 billion, a price-to-earnings ratio of 1,387.67, a PEG ratio of -0.26 and a beta of 2.08. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The stock’s 50-day simple moving average is C$33.07 and its 200-day simple moving average is C$25.09. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$41.84.

Lundin Mining (TSE:LUN) last issued its earnings results on Thursday, February 19th. The mining company reported C$0.59 earnings per share (EPS) for the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.The company had revenue of C$1.51 billion for 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.