Lundin Mining (TSE:LUN) Hits New 1-Year High – Still a Buy?

Shares of Lundin Mining Co. (TSE:LUN) hit a new 52-week high during trading on Thursday . The stock traded as high as C$45.74 and last traded at C$42.92, with a volume of 3329717 shares traded. The stock had previously closed at C$44.41.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LUN. Scotiabank boosted their price objective on shares of Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. TD Securities lifted their target price on Lundin Mining from C$42.00 to C$45.00 and gave the company a “buy” rating in a report on Monday. National Bank Financial lowered Lundin Mining from an “outperform” rating to a “hold” rating and set a C$40.00 price target for the company. in a research note on Tuesday, February 17th. Ci Capital lifted their price objective on Lundin Mining from C$32.00 to C$41.00 in a research note on Wednesday, February 11th. Finally, Ventum Financial boosted their target price on Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$33.71.

Lundin Mining Stock Performance

The stock has a 50 day simple moving average of C$33.69 and a 200 day simple moving average of C$25.41. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The company has a market cap of C$36.67 billion, a price-to-earnings ratio of 1,430.67, a PEG ratio of -0.26 and a beta of 2.08.

Lundin Mining (TSE:LUN) last announced its earnings results on Thursday, February 19th. The mining company reported C$0.59 EPS for the quarter. The business had revenue of C$1.51 billion for 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.