Lundin Mining (TSE:LUN) Reaches New 12-Month High – What’s Next?

Shares of Lundin Mining Co. (TSE:LUN) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$29.77 and last traded at C$29.41, with a volume of 63056 shares. The stock had previously closed at C$29.07.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank raised their price target on shares of Lundin Mining from C$23.00 to C$23.50 in a report on Tuesday, October 28th. TD Securities raised their price target on Lundin Mining from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. decreased their price objective on Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Finally, Citigroup set a C$32.00 price target on Lundin Mining and gave the company a “buy” rating in a research report on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.42.

Lundin Mining Trading Up 0.7%

The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The firm’s fifty day simple moving average is C$25.38 and its 200-day simple moving average is C$19.45. The stock has a market cap of C$25.05 billion, a P/E ratio of 975.67, a price-to-earnings-growth ratio of -0.26 and a beta of 1.93.

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

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.