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

Lundin Mining Co. (TSE:LUN) has earned a consensus rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$35.09.

A number of research firms have commented on LUN. Morgan Stanley raised their target price on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday, December 16th. Canadian Imperial Bank of Commerce upped their target price on shares of Lundin Mining from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Raymond James Financial cut their target price on Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research report on Monday, January 26th. Finally, Ci Capital increased their price objective on shares of Lundin Mining from C$32.00 to C$41.00 in a report on Wednesday, February 11th.

Lundin Mining Trading Up 2.6%

Shares of Lundin Mining stock opened at C$32.04 on Friday. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$45.74. The company’s fifty day simple moving average is C$35.67 and its 200-day simple moving average is C$28.34. The company has a debt-to-equity ratio of 9.31, a current ratio of 1.64 and a quick ratio of 0.90. The stock has a market capitalization of C$27.38 billion, a PE ratio of 21.50, a P/E/G ratio of -0.26 and a beta of 2.01.

Lundin Mining (TSE:LUN) last announced its earnings results on Friday, February 20th. The mining company reported C$0.59 EPS for the quarter. The company had revenue of C$1.51 billion for the quarter. Lundin Mining had a return on equity of 21.95% and a net margin of 33.65%.

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.