Lundin Mining Co. (TSE:LUN) Stock Has Average Price Target of C$39.81 According to Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$39.81.

A number of research analysts have issued reports on LUN shares. ATB Cormark Capital Markets reduced their target price on shares of Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating on the stock in a report on Monday, August 24th. Desjardins reduced their price target on Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. TD reduced their price target on Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Canaccord Genuity Group upgraded Lundin Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, National Bank Financial lowered their price objective on Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$29.59 on Friday. Lundin Mining has a fifty-two week low of C$23.66 and a fifty-two week high of C$45.74. The company has a market capitalization of C$25.19 billion, a price-to-earnings ratio of 16.91, a PEG ratio of -0.26 and a beta of 2.16. The stock has a fifty day moving average of C$33.47 and a two-hundred day moving average of C$35.80. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.90 and a current ratio of 1.67.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, November 4th. The mining company reported C$0.46 EPS for the quarter. The business had revenue of C$1.58 billion for the quarter. Lundin Mining had a return on equity of 22.98% and a net margin of 35.54%.

Lundin Mining Company Profile

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.