Lundin Mining (TSE:LUN) Announces Earnings Results

Lundin Mining (TSE:LUN) announced its earnings results on Wednesday. The mining company reported C$0.43 EPS for the quarter, FiscalAI reports. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.The company had revenue of C$1.72 billion for the quarter.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at C$38.77 on Thursday. The firm has a fifty day moving average of C$36.45 and a two-hundred day moving average of C$36.50. The stock has a market capitalization of C$33.10 billion, a price-to-earnings ratio of 23.22, a PEG ratio of -0.26 and a beta of 2.30. Lundin Mining has a 52 week low of C$13.93 and a 52 week high of C$45.74. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.90 and a current ratio of 1.81.

Wall Street Analyst Weigh In

Several research firms have weighed in on LUN. TD dropped their target price on shares of Lundin Mining from C$44.00 to C$43.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. Barclays upped their price objective on Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th. Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. BMO Capital Markets lifted their target price on Lundin Mining from C$36.00 to C$45.00 in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group boosted their target price on Lundin Mining from C$40.80 to C$48.20 in a research report on Friday, June 5th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy” and an average target price of C$39.69.

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.