Lundin Mining (TSE:LUN) Posts Earnings Results

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

Lundin Mining Stock Up 4.5%

TSE LUN traded up C$1.63 during trading on Friday, reaching C$37.73. The company’s stock had a trading volume of 225,842 shares, compared to its average volume of 2,940,582. 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 stock has a market capitalization of C$32.28 billion, a PE ratio of 25.32, a PEG ratio of -0.26 and a beta of 2.25. The business has a 50-day moving average price of C$36.31 and a 200-day moving average price of C$31.81. Lundin Mining has a 1-year low of C$11.64 and a 1-year high of C$45.74.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Desjardins upped their price objective on shares of Lundin Mining from C$35.00 to C$42.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. The Goldman Sachs Group lifted their target price on shares of Lundin Mining from C$23.90 to C$35.80 in a research note on Tuesday, January 13th. Morgan Stanley dropped their price target on shares of Lundin Mining from C$39.70 to C$34.90 in a research note on Thursday, April 9th. JPMorgan Chase & Co. lowered Lundin Mining from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from C$32.90 to C$28.20 in a report on Monday, March 9th. Finally, Scotiabank lifted their price objective on Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.