Analysts Set Lundin Mining Co. (TSE:LUN) Price Target at C$39.71

Lundin Mining Co. (TSE:LUN) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$39.71.

Several equities research analysts have recently issued reports on the company. TD reduced their price target on Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating for the company in a report on Friday, August 7th. Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a report on Friday, July 3rd. Scotiabank raised their price objective on shares of Lundin Mining from C$36.00 to C$42.00 and gave the company a “sector outperform” rating in a research report on Monday, June 15th. Barclays lifted their target price on shares of Lundin Mining from C$42.00 to C$43.00 in a research note on Thursday, July 16th. Finally, Desjardins decreased their target price on shares of Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating for the company in a research report on Thursday, August 20th.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$33.55 on Friday. The firm has a market cap of C$28.56 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of -0.26 and a beta of 2.23. Lundin Mining has a 1 year low of C$16.64 and a 1 year high of C$45.74. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 2.88. The business has a fifty day simple moving average of C$35.77 and a 200 day simple moving average of C$36.42.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, August 5th. The mining company reported C$0.43 EPS for the quarter. Lundin Mining had a return on equity of 22.97% and a net margin of 35.11%.The firm had revenue of C$1.72 billion for 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.