Lundin Mining Co. (TSE:LUN) Receives C$25.42 Average Target Price from Analysts

Shares of Lundin Mining Co. (TSE:LUN) have been given an average rating of “Moderate Buy” by the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$25.86.

LUN has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. Citigroup set a C$32.00 target price on Lundin Mining and gave the stock a “buy” rating in a research note on Monday, December 15th. Haywood Securities lifted their price target on Lundin Mining from C$28.00 to C$32.00 in a research note on Tuesday, December 16th. Ventum Financial boosted their price target on Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Finally, CIBC upped their price objective on Lundin Mining from C$24.00 to C$30.00 in a research report on Friday, December 12th.

Lundin Mining Trading Up 5.3%

Shares of LUN stock opened at C$32.79 on Monday. The stock has a market cap of C$28.01 billion, a P/E ratio of 1,093.00, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$33.04. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The stock has a 50 day simple moving average of C$27.02 and a 200 day simple moving average of C$20.43.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, November 5th. The mining company reported C$0.18 EPS for the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.The company had revenue of C$1.40 billion for 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.