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

Lundin Mining Co. (TSE:LUN) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$39.69.

Several brokerages have commented on LUN. Morgan Stanley cut their target price on Lundin Mining from C$39.70 to C$34.90 in a report on Thursday, April 9th. Barclays increased their price target on Lundin Mining from C$42.00 to C$43.00 in a research note on Thursday, July 16th. BMO Capital Markets lifted their price objective on Lundin Mining from C$36.00 to C$45.00 in a research note on Wednesday, April 22nd. The Goldman Sachs Group lifted their price objective on Lundin Mining from C$40.80 to C$48.20 in a research note on Friday, June 5th. Finally, National Bank Financial decreased their target price on shares of Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th.

Lundin Mining Price Performance

LUN stock opened at C$36.24 on Friday. The company has a fifty day moving average price of C$36.95 and a 200-day moving average price of C$36.30. The company has a market capitalization of C$30.94 billion, a P/E ratio of 21.70, a PEG ratio of -0.26 and a beta of 2.32. Lundin Mining has a 52-week low of C$13.37 and a 52-week high of C$45.74. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.90 and a current ratio of 1.81.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, May 6th. The mining company reported C$0.43 earnings per share for the quarter. The company had revenue of C$1.61 billion for the quarter. Lundin Mining had a net margin of 35.92% and a return on equity of 23.11%.

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.