Lundin Mining Co. (TSE:LUN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$35.09.

A number of analysts have recently issued reports on the company. National Bank Financial boosted their target price on Lundin Mining from C$40.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Friday, March 13th. TD Securities raised their price target on shares of Lundin Mining from C$42.00 to C$45.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Desjardins lifted their price target on shares of Lundin Mining from C$35.00 to C$42.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Scotiabank boosted their price objective on shares of 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, Ci Capital increased their price objective on shares of Lundin Mining from C$32.00 to C$41.00 in a research report on Wednesday, February 11th.

Lundin Mining Trading Up 4.7%

Lundin Mining stock opened at C$33.27 on Friday. The stock has a 50-day moving average price of C$35.80 and a 200 day moving average price of C$28.21. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$45.74. The stock has a market cap of C$28.43 billion, a PE ratio of 22.33, a P/E/G ratio of -0.26 and a beta of 2.01. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 9.31.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Friday, February 20th. The mining company reported C$0.59 earnings per share for the quarter. Lundin Mining had a return on equity of 21.95% and a net margin of 33.65%.The company had revenue of C$1.51 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.