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

Lundin Mining Co. (TSE:LUN) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$39.69.

Several analysts recently commented on LUN shares. Dnb Carnegie raised shares of Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. BMO Capital Markets lifted their target price on shares of Lundin Mining from C$36.00 to C$45.00 in a report on Wednesday, April 22nd. TD dropped their target price on shares of Lundin Mining from C$44.00 to C$43.00 and set a “buy” rating on the stock in a research note on Tuesday, July 14th. Morgan Stanley dropped their target price on shares of Lundin Mining from C$39.70 to C$34.90 in a research note on Thursday, April 9th. Finally, ATB Cormark Capital Markets increased their price target on shares of Lundin Mining from C$32.50 to C$40.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th.

Lundin Mining Price Performance

Shares of TSE LUN opened at C$34.72 on Friday. Lundin Mining has a fifty-two week low of C$13.37 and a fifty-two week high of C$45.74. The company has a 50 day simple moving average of C$36.78 and a two-hundred day simple moving average of C$36.39. The company has a market capitalization of C$29.64 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of -0.26 and a beta of 2.32. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.90 and a current ratio of 1.81.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, May 6th. The mining company reported C$0.43 earnings per share for the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.The company had revenue of C$1.61 billion during the quarter.

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.