Lundin Mining (TSE:LUN) Reaches New 52-Week High – Should You Buy?

Lundin Mining Co. (TSE:LUN)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$34.02 and last traded at C$33.78, with a volume of 199498 shares traded. The stock had previously closed at C$32.79.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. National Bankshares lifted their target price on shares of Lundin Mining from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. BMO Capital Markets raised their price objective on shares of Lundin Mining from C$22.00 to C$25.00 in a research note on Thursday, November 6th. Ventum Financial upped their target price on Lundin Mining from C$25.00 to C$32.00 in a research note on Monday, December 22nd. Haywood Securities raised their price target on Lundin Mining from C$28.00 to C$32.00 in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. reduced their price objective on Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. Three equities 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, the stock has an average rating of “Moderate Buy” and a consensus price target of C$25.86.

Lundin Mining Stock Performance

The stock has a market cap of C$29.03 billion, a price-to-earnings ratio of 1,132.67, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The stock’s 50-day moving average is C$27.02 and its 200-day moving average is C$20.52.

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