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

Lundin Mining Co. (TSE:LUN) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$31.34.

Several research firms have issued reports on LUN. Jefferies Financial Group boosted their target price on Lundin Mining from C$32.00 to C$38.00 in a research report on Monday, January 12th. Royal Bank Of Canada lifted their price target on Lundin Mining from C$23.00 to C$29.00 in a research note on Wednesday, December 10th. Desjardins upped their price objective on Lundin Mining from C$30.00 to C$35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Stifel Nicolaus raised their target price on Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. Finally, Citigroup set a C$32.00 price target on shares of Lundin Mining and gave the stock a “buy” rating in a research note on Monday, December 15th.

Lundin Mining Stock Up 5.6%

Shares of Lundin Mining stock opened at C$36.49 on Friday. Lundin Mining has a one year low of C$8.94 and a one year high of C$38.85. The company has a market cap of C$31.18 billion, a P/E ratio of 1,216.33, a PEG ratio of -0.26 and a beta of 2.08. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The firm has a fifty day moving average of C$30.52 and a two-hundred day moving average of C$23.00.

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

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.