Brokerages Set Lundin Mining Co. (TSE:LUN) PT at C$20.05

Lundin Mining Co. (TSE:LUN) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$20.05.

LUN has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price target on Lundin Mining from C$16.00 to C$18.00 in a report on Wednesday, September 10th. JPMorgan Chase & Co. downgraded Lundin Mining from an “overweight” rating to a “neutral” rating and lifted their price target for the company from C$15.30 to C$15.60 in a report on Thursday, July 10th. Scotiabank lifted their price target on Lundin Mining from C$17.00 to C$23.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Stifel Nicolaus lifted their price target on Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday. Finally, Raymond James Financial lifted their price target on Lundin Mining from C$15.00 to C$16.00 in a report on Thursday, August 21st.

Lundin Mining Trading Up 1.4%

Shares of TSE:LUN opened at C$20.75 on Wednesday. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$22.20. The business’s fifty day simple moving average is C$18.31 and its 200-day simple moving average is C$14.97. The company has a market capitalization of C$17.77 billion, a PE ratio of -691.67, a P/E/G ratio of -0.26 and a beta of 1.85. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58.

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.