Lundin Mining Co. (TSE:LUN) Given Average Rating of “Moderate Buy” by Brokerages

Lundin Mining Co. (TSE:LUN) has been assigned an average rating of “Moderate Buy” from the seventeen research firms that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$25.01.

LUN has been the topic of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday. Citigroup set a C$32.00 price target on Lundin Mining and gave the stock a “buy” rating in a research report on Monday. Raymond James Financial upped their price objective on Lundin Mining from C$15.00 to C$16.00 in a research note on Thursday, August 21st. Scotiabank lifted their target price on Lundin Mining from C$23.00 to C$23.50 in a research note on Tuesday, October 28th. Finally, Royal Bank Of Canada increased their price target on Lundin Mining from C$23.00 to C$29.00 in a research note on Wednesday, December 10th.

Lundin Mining Stock Up 0.2%

TSE:LUN opened at C$27.97 on Thursday. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$28.64. The firm has a market capitalization of C$23.94 billion, a price-to-earnings ratio of 932.33, a price-to-earnings-growth ratio of -0.26 and a beta of 1.93. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The stock’s 50 day moving average price is C$24.19 and its two-hundred day moving average price is C$18.58.

Lundin Mining (TSE:LUN) last released its earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%. The business had revenue of C$1.40 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.