Lundin Mining (TSE:LUN) Posts Earnings Results

Lundin Mining (TSE:LUN) issued its earnings results on Wednesday. The mining company reported C$0.46 EPS for the quarter, FiscalAI reports. The business had revenue of C$1.58 billion for the quarter. Lundin Mining had a net margin of 35.11% and a return on equity of 22.97%.

Lundin Mining Trading Up 5.9%

LUN opened at C$31.67 on Thursday. The firm has a market cap of C$26.96 billion, a price-to-earnings ratio of 18.10, a PEG ratio of -0.26 and a beta of 2.36. The stock has a fifty day moving average price of C$33.86 and a 200-day moving average price of C$35.87. Lundin Mining has a 12 month low of C$21.76 and a 12 month high of C$45.74. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 2.88.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. National Bank Financial lowered their price target on Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Canaccord Genuity Group downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Barclays lifted their target price on Lundin Mining from C$42.00 to C$43.00 in a research report on Thursday, July 16th. Desjardins lowered their target price on Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Finally, Stifel Nicolaus upped their target price on Lundin Mining from C$40.00 to C$42.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$39.81.

About Lundin Mining

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world’s largest copper, gold, and silver projects in the Vicuna District on the border of Argentina and Chile, where we hold a 50% interest.