Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Lundin Mining Co. (TSE:LUN) has been given an average rating of “Moderate Buy” by the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$25.86.

A number of research analysts recently commented on the company. Haywood Securities increased their price target on Lundin Mining from C$28.00 to C$32.00 in a report on Tuesday, December 16th. Cormark upgraded Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. BMO Capital Markets raised their price target on shares of Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Jefferies Financial Group lifted their price target on shares of Lundin Mining from C$28.00 to C$32.00 in a research note on Monday, December 8th. Finally, CIBC increased their price objective on shares of Lundin Mining from C$24.00 to C$30.00 in a research note on Friday, December 12th.

Lundin Mining Price Performance

Shares of LUN stock opened at C$32.79 on Monday. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$33.04. The company has a market capitalization of C$28.01 billion, a PE ratio of 1,093.00, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The firm has a fifty day simple moving average of C$27.02 and a 200-day simple moving average of C$20.52.

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

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.