Lundin Mining (TSE:LUN) Raised to “Strong-Buy” at Canaccord Genuity Group

Lundin Mining (TSE:LUN) was upgraded by equities researchers at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.

A number of other analysts also recently issued reports on the company. Desjardins lowered their target price on Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. National Bank Financial reduced their price target on Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Stifel Nicolaus raised their price target on Lundin Mining from C$40.00 to C$42.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. TD lowered their price target on Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Barclays upped their price objective on Lundin Mining from C$42.00 to C$43.00 in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of C$39.81.

Lundin Mining Stock Up 5.5%

LUN traded up C$1.54 during trading on Thursday, reaching C$29.59. The company had a trading volume of 3,074,650 shares, compared to its average volume of 2,650,224. The company has a market cap of C$25.19 billion, a P/E ratio of 16.91, a PEG ratio of -0.26 and a beta of 2.16. Lundin Mining has a 12 month low of C$23.66 and a 12 month high of C$45.74. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.60 and a quick ratio of 0.90. The business’s fifty day moving average price is C$33.47 and its 200 day moving average price is C$35.80.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, November 4th. The mining company reported C$0.46 earnings per share for the quarter. The company had revenue of C$1.58 billion during the quarter. Lundin Mining had a return on equity of 22.97% and a net margin of 35.11%.

Lundin Mining Company Profile

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world’s largest copper, gold, and silver projects in the Vicuna District on the border of Argentina and Chile, where we hold a 50% interest.