Brokerages Set Lundin Mining Co. (TSE:LUN) Target Price at C$31.34

Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$31.75.

Several research analysts have weighed in on LUN shares. Morgan Stanley boosted their price target on Lundin Mining from C$25.80 to C$29.60 in a report on Tuesday, December 16th. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. CIBC increased their target price on Lundin Mining from C$30.00 to C$37.00 in a research report on Wednesday. Scotiabank raised their price target on Lundin Mining from C$25.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group lifted their price target on Lundin Mining from C$23.90 to C$35.80 in a report on Tuesday, January 13th.

Lundin Mining Trading Down 1.9%

Shares of LUN stock opened at C$32.40 on Friday. The company has a market capitalization of C$27.68 billion, a price-to-earnings ratio of 1,080.00, a PEG ratio of -0.26 and a beta of 2.08. 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 price of C$30.80 and a 200 day moving average price of C$23.13. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$38.85.

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

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.