Lundin Mining Co. (TSE:LUN) Receives C$39.64 Consensus PT from Analysts

Shares of Lundin Mining Co. (TSE:LUN) have been given an average rating of “Hold” by the fifteen brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$39.64.

Several analysts recently weighed in on LUN shares. Desjardins dropped their price target on Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group upped their price objective on Lundin Mining from C$40.80 to C$48.20 in a report on Friday, June 5th. Scotiabank increased their price objective on Lundin Mining from C$36.00 to C$42.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. Barclays lifted their target price on Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th. Finally, Canaccord Genuity Group cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th.

Lundin Mining Stock Up 5.4%

Lundin Mining stock opened at C$38.07 on Tuesday. The company’s 50-day moving average price is C$35.68 and its two-hundred day moving average price is C$36.60. 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 stock has a market cap of C$32.41 billion, a P/E ratio of 21.75, a P/E/G ratio of -0.26 and a beta of 2.30. Lundin Mining has a twelve month low of C$15.21 and a twelve month high of C$45.74.

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

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.