Lundin Mining (TSE:LUN) Sets New 12-Month High – What’s Next?

Lundin Mining Co. (TSE:LUN)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$37.10 and last traded at C$36.81, with a volume of 600138 shares. The stock had previously closed at C$35.57.

Analyst Ratings Changes

Several research firms recently commented on LUN. National Bankshares upped their price objective on Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Stifel Nicolaus increased their target price on shares of Lundin Mining from C$18.00 to C$26.00 in a research report on Tuesday, October 21st. CIBC increased their price objective on Lundin Mining from C$24.00 to C$30.00 in a report on Friday, December 12th. Cormark upgraded Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Finally, Citigroup set a C$32.00 target price on shares of Lundin Mining and gave the stock a “buy” rating in a report on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$28.16.

Lundin Mining Price Performance

The company has a market cap of C$28.60 billion, a PE ratio of 1,115.67, a P/E/G 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 50 day moving average of C$28.87 and a two-hundred day moving average of C$21.68.

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