Lundin Mining Co. (TSE:LUN) Receives C$16.67 Average PT from Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$16.67.

A number of analysts recently issued reports on LUN shares. Raymond James Financial boosted their price target on Lundin Mining from C$15.00 to C$16.00 in a report on Thursday, August 21st. JPMorgan Chase & Co. lowered Lundin Mining from an “overweight” rating to a “neutral” rating and boosted their price target for the company from C$15.30 to C$15.60 in a report on Thursday, July 10th. Dnb Nor Markets upgraded Lundin Mining to a “hold” rating in a report on Tuesday, June 17th. Royal Bank Of Canada boosted their price target on Lundin Mining from C$16.00 to C$18.00 in a report on Wednesday, September 10th. Finally, Haywood Securities lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th.

Lundin Mining Price Performance

Lundin Mining stock opened at C$21.16 on Friday. 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 stock has a market cap of C$18.12 billion, a price-to-earnings ratio of -705.33, a price-to-earnings-growth ratio of -0.26 and a beta of 1.55. The firm has a 50-day moving average of C$16.39 and a two-hundred day moving average of C$13.99. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$21.30.

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.