Lundin Mining (TSE:LUN) Sets New 12-Month High – What’s Next?

Lundin Mining Co. (TSE:LUN)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$29.77 and last traded at C$29.41, with a volume of 63056 shares changing hands. The stock had previously closed at C$29.07.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. TD Securities upped their target price on shares of Lundin Mining from C$26.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Royal Bank Of Canada raised their target price on shares of Lundin Mining from C$23.00 to C$29.00 in a research report on Wednesday, December 10th. Citigroup set a C$32.00 target price on Lundin Mining and gave the stock a “buy” rating in a research note on Monday, December 15th. Finally, Ventum Financial raised their price target on shares of Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy” and a consensus price target of C$25.42.

Lundin Mining Price Performance

The company’s 50 day moving average is C$25.38 and its 200 day moving average is C$19.45. The stock has a market cap of C$25.05 billion, a price-to-earnings ratio of 975.67, a PEG ratio of -0.26 and a beta of 1.93. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

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

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.