Brokerages Set Lundin Mining Co. (TSE:LUN) Target Price at C$25.42

Shares of Lundin Mining Co. (TSE:LUN) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$25.42.

Several research analysts recently commented on LUN shares. Scotiabank increased their price objective on Lundin Mining from C$23.00 to C$23.50 in a research note on Tuesday, October 28th. Royal Bank Of Canada increased their price target on Lundin Mining from C$23.00 to C$29.00 in a research report on Wednesday, December 10th. TD Securities lifted their price objective on Lundin Mining from C$26.00 to C$28.00 and gave the company a “buy” rating in a report on Friday, November 7th. Haywood Securities upped their price objective on shares of Lundin Mining from C$28.00 to C$32.00 in a research note on Tuesday, December 16th. Finally, CIBC raised their target price on shares of Lundin Mining from C$24.00 to C$30.00 in a research report on Friday, December 12th.

Lundin Mining Stock Performance

TSE:LUN opened at C$31.11 on Monday. The stock has a 50-day simple moving average of C$26.65 and a two-hundred day simple moving average of C$20.22. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$32.34. The firm has a market capitalization of C$26.58 billion, a PE ratio of 1,037.00, a P/E/G ratio of -0.26 and a beta of 2.12.

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