Lundin Mining Co. (TSE:LUN) Stock Has Consensus Price Target of C$39.71 According to Analysts

Shares of Lundin Mining Co. (TSE:LUN) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$39.71.

A number of analysts recently weighed in on the stock. Barclays raised their price target on shares of Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th. ATB Cormark Capital Markets reduced their price objective on Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating on the stock in a report on Monday, August 24th. National Bank Financial decreased their price objective on Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Dnb Carnegie raised Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Finally, TD dropped their target price on Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating for the company in a research report on Friday, August 7th.

Lundin Mining Stock Up 4.8%

Shares of TSE:LUN opened at C$35.17 on Wednesday. Lundin Mining has a 12 month low of C$20.09 and a 12 month high of C$45.74. The company’s 50-day moving average price is C$35.63 and its two-hundred day moving average price is C$36.33. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 2.88. The firm has a market cap of C$29.94 billion, a P/E ratio of 20.10, a P/E/G ratio of -0.26 and a beta of 2.36.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, August 5th. The mining company reported C$0.43 earnings per share for the quarter. Lundin Mining had a net margin of 35.11% and a return on equity of 22.97%. The company had revenue of C$1.72 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.