Lundin Mining (TSE:LUN) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Lundin Mining Co. (TSE:LUN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$27.79 and traded as high as C$31.19. Lundin Mining shares last traded at C$29.43, with a volume of 7,201,339 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on the company. National Bank Financial boosted their price objective on Lundin Mining from C$40.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. downgraded Lundin Mining from a “neutral” rating to an “underweight” rating and dropped their target price for the company from C$32.90 to C$28.20 in a report on Monday, March 9th. Ci Capital boosted their price target on Lundin Mining from C$32.00 to C$41.00 in a research report on Wednesday, February 11th. Haywood Securities upped their price target on Lundin Mining from C$32.00 to C$42.00 in a report on Friday, January 23rd. Finally, Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$35.09.

Lundin Mining Stock Performance

The company has a debt-to-equity ratio of 9.31, a current ratio of 1.64 and a quick ratio of 0.90. The stock has a 50-day moving average price of C$35.89 and a 200-day moving average price of C$27.87. The firm has a market capitalization of C$25.15 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of -0.26 and a beta of 2.01.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data 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 firm 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.