Lundin Mining (TSE:LUN) Issues Quarterly Earnings Results

Lundin Mining (TSE:LUN) posted its quarterly earnings data on Wednesday. The mining company reported C$0.43 EPS for the quarter, FiscalAI reports. The firm had revenue of C$1.61 billion during the quarter. Lundin Mining had a return on equity of 21.95% and a net margin of 33.65%.

Lundin Mining Trading Up 7.7%

Shares of LUN opened at C$36.34 on Thursday. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 9.31. The firm has a market capitalization of C$31.09 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of -0.26 and a beta of 2.25. The stock’s fifty day simple moving average is C$36.48 and its 200 day simple moving average is C$31.71. Lundin Mining has a twelve month low of C$11.32 and a twelve month high of C$45.74.

Analyst Upgrades and Downgrades

LUN has been the topic of a number of research reports. TD Securities upped their price target on Lundin Mining from C$42.00 to C$45.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Royal Bank Of Canada upped their target price on Lundin Mining from C$29.00 to C$42.00 in a research note on Thursday, March 12th. Scotiabank upped their target price on Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. TD reduced their target price on Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Jefferies Financial Group upped their target price on Lundin Mining from C$32.00 to C$38.00 in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy” and a consensus price target of C$38.30.

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.