Lundin Mining Co. (TSE:LUN) Receives C$39.74 Consensus Price Target from Brokerages

Lundin Mining Co. (TSE:LUN) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$39.74.

A number of research analysts have issued reports on LUN shares. Barclays set a C$42.00 target price on Lundin Mining and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Desjardins raised their price target on Lundin Mining from C$35.00 to C$42.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. JPMorgan Chase & Co. cut Lundin Mining from a “neutral” rating to an “underweight” rating and cut their price objective for the company from C$32.90 to C$28.20 in a report on Monday, March 9th. National Bank Financial boosted their price objective on Lundin Mining from C$42.00 to C$43.50 and gave the company a “sector perform” rating in a research report on Wednesday, April 15th. Finally, TD lowered their target price on Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating for the company in a research note on Friday, April 10th.

Lundin Mining Trading Up 2.2%

Shares of TSE LUN opened at C$35.15 on Monday. The company’s fifty day moving average is C$37.68 and its 200-day moving average is C$35.69. The stock has a market cap of C$30.01 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of -0.26 and a beta of 2.24. Lundin Mining has a twelve month low of C$13.37 and a twelve month high of C$45.74. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 5.55.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, May 6th. The mining company reported C$0.43 EPS for the quarter. The business had revenue of C$1.61 billion during the quarter. Lundin Mining had a net margin of 35.92% and a return on equity of 23.11%.

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.