Lundin Mining (TSE:LUN) Posts Earnings Results

Lundin Mining (TSE:LUN) released its earnings results on Wednesday. The mining company reported C$0.43 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.72 billion for the quarter. Lundin Mining had a net margin of 35.92% and a return on equity of 23.11%.

Lundin Mining Trading Down 4.1%

LUN opened at C$37.18 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 5.55. Lundin Mining has a 52 week low of C$14.86 and a 52 week high of C$45.74. The business’s 50 day moving average is C$36.37 and its two-hundred day moving average is C$36.52. The firm has a market cap of C$31.74 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of -0.26 and a beta of 2.30.

Analyst Ratings Changes

A number of equities research analysts have commented on LUN shares. TD dropped their price objective on shares of Lundin Mining from C$44.00 to C$43.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. ATB Cormark Capital Markets lifted their price objective on shares of Lundin Mining from C$32.50 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. National Bank Financial lowered 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 note on Tuesday, July 14th. Scotiabank increased their target price on Lundin Mining from C$36.00 to C$42.00 and gave the company a “sector outperform” rating in a report on Monday, June 15th. Finally, The Goldman Sachs Group increased their target price on Lundin Mining from C$40.80 to C$48.20 in a report on Friday, June 5th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$39.69.

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.