Brokerages Set Lundin Mining Co. (TSE:LUN) PT at C$33.71

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

Several research analysts have weighed in on the stock. National Bank Financial lowered shares of Lundin Mining from an “outperform” rating to a “hold” rating and set a C$40.00 target price for the company. in a research note on Tuesday, February 17th. Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Scotiabank lifted their target price on shares of Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. BMO Capital Markets boosted their target price on Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. lowered their price target on Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd.

Lundin Mining Price Performance

TSE:LUN opened at C$43.31 on Tuesday. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$45.74. The stock’s fifty day moving average is C$34.00 and its two-hundred day moving average is C$25.54. The company has a market capitalization of C$37.00 billion, a P/E ratio of 1,443.67, a P/E/G 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.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Friday, February 20th. The mining company reported C$0.59 earnings per share for the quarter. The business had revenue of C$1.51 billion during the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.

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.