Lundin Mining (TSE:LUN) Stock Price Down 10.1% – What’s Next?

Shares of Lundin Mining Co. (TSE:LUN) dropped 10.1% during mid-day trading on Thursday . The stock traded as low as C$32.82 and last traded at C$32.95. Approximately 1,387,951 shares traded hands during trading, a decline of 42% from the average daily volume of 2,401,555 shares. The stock had previously closed at C$36.67.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LUN shares. Haywood Securities lifted their price objective on shares of Lundin Mining from C$28.00 to C$32.00 in a report on Tuesday, December 16th. The Goldman Sachs Group raised their price target on shares of Lundin Mining from C$23.90 to C$35.80 in a research report on Tuesday, January 13th. Ventum Financial boosted their price objective on shares of Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. Scotiabank increased their price objective on shares of Lundin Mining from C$25.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Finally, BMO Capital Markets lifted their target price on Lundin Mining from C$22.00 to C$25.00 in a research note on Thursday, November 6th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Lundin Mining has an average rating of “Moderate Buy” and an average target price of C$31.75.

Lundin Mining Stock Down 10.1%

The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The firm has a market capitalization of C$28.15 billion, a P/E ratio of 1,098.33, a PEG ratio of -0.26 and a beta of 2.12. The firm’s fifty day moving average price is C$28.71 and its 200-day moving average price is C$21.60.

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

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.