Lundin Mining Co. (TSE:LUN) Receives C$20.59 Consensus PT from Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$20.59.

LUN has been the subject of several research reports. Raymond James Financial lifted their price objective on shares of Lundin Mining from C$15.00 to C$16.00 in a research note on Thursday, August 21st. Scotiabank upped their target price on Lundin Mining from C$23.00 to C$23.50 in a research report on Tuesday, October 28th. Haywood Securities cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. CIBC boosted their price target on Lundin Mining from C$18.00 to C$24.00 in a research note on Friday, October 10th. Finally, TD Securities increased their price objective on Lundin Mining from C$26.00 to C$28.00 and gave the company a “buy” rating in a report on Friday, November 7th.

Lundin Mining Price Performance

Shares of LUN stock opened at C$24.92 on Friday. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$26.41. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The firm has a market capitalization of C$21.35 billion, a price-to-earnings ratio of 830.67, a PEG ratio of -0.26 and a beta of 1.93. The stock’s 50-day simple moving average is C$21.07 and its 200-day simple moving average is C$16.61.

Lundin Mining (TSE:LUN) last released its earnings results on Wednesday, November 5th. The mining company reported C$0.19 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%.

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.