Lundin Mining (TSE:LUN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Lundin Mining Co. (TSE:LUN)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$27.79 and traded as high as C$31.19. Lundin Mining shares last traded at C$29.43, with a volume of 7,201,339 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LUN. Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Haywood Securities upped their price objective on Lundin Mining from C$32.00 to C$42.00 in a report on Friday, January 23rd. Ventum Financial lifted their target price on Lundin Mining from C$25.00 to C$32.00 in a research note on Monday, December 22nd. Royal Bank Of Canada upped their price target on Lundin Mining from C$29.00 to C$42.00 in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. cut Lundin Mining from a “neutral” rating to an “underweight” rating and decreased their price target for the company from C$32.90 to C$28.20 in a report on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lundin Mining currently has an average rating of “Moderate Buy” and an average target price of C$35.09.

Lundin Mining Stock Down 4.6%

The stock’s fifty day moving average price is C$35.89 and its 200-day moving average price is C$27.79. 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 capitalization of C$25.15 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of -0.26 and a beta of 2.01.

Lundin Mining (TSE:LUN) last announced its earnings results on Friday, February 20th. The mining company reported C$0.59 EPS 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%.

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.