Lundin Mining (TSE:LUN) Hits New 1-Year High – Here’s What Happened

Lundin Mining Co. (TSE:LUN) hit a new 52-week high on Monday . The stock traded as high as C$34.02 and last traded at C$33.78, with a volume of 199498 shares. The stock had previously closed at C$32.79.

Wall Street Analyst Weigh In

LUN has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Lundin Mining from C$18.00 to C$26.00 in a research report on Tuesday, October 21st. Morgan Stanley boosted their price target on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. reduced their price objective on shares of Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. 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 report on Thursday. Finally, BMO Capital Markets increased their target price on Lundin Mining from C$22.00 to C$25.00 in a research note on Thursday, November 6th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and a consensus target price of C$25.86.

Lundin Mining Stock Up 3.6%

The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The company has a market capitalization of C$29.03 billion, a price-to-earnings ratio of 1,132.67, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. The firm’s 50-day simple moving average is C$27.02 and its two-hundred day simple moving average is C$20.52.

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

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.