Lundin Mining Co. (TSE:LUN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Lundin Mining Co. (TSE:LUN) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$38.30.

A number of analysts recently weighed in on LUN shares. Canadian Imperial Bank of Commerce increased their price target on shares of Lundin Mining from C$30.00 to C$37.00 in a research note on Wednesday, February 4th. Morgan Stanley decreased their price target on shares of Lundin Mining from C$39.70 to C$34.90 in a research note on Thursday, April 9th. Royal Bank Of Canada raised their target price on shares of Lundin Mining from C$29.00 to C$42.00 in a research note on Thursday, March 12th. Stifel Nicolaus raised their target price on shares of Lundin Mining from C$26.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Raymond James Financial reduced their target price on shares of Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research note on Monday, January 26th.

Lundin Mining Stock Down 6.6%

Shares of TSE:LUN opened at C$38.65 on Friday. The stock has a market cap of C$33.07 billion, a P/E ratio of 23.14, a P/E/G ratio of -0.26 and a beta of 2.25. The firm has a fifty day moving average price of C$36.10 and a 200 day moving average price of C$32.53. The company has a debt-to-equity ratio of 5.55, a current ratio of 1.81 and a quick ratio of 0.90. Lundin Mining has a 1-year low of C$12.13 and a 1-year high of C$45.74.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, May 6th. The mining company reported C$0.43 earnings per share for the quarter. The firm 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%.

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.