Lundin Mining Co. (TSE:LUN) Receives Average Rating of “Hold” from Analysts

Lundin Mining Co. (TSE:LUN) has earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$39.15.

A number of research analysts recently issued reports on LUN shares. TD dropped their price target on Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. National Bank Financial raised their price target on Lundin Mining from C$42.00 to C$43.50 and gave the stock a “sector perform” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada raised their price target on Lundin Mining from C$29.00 to C$42.00 in a research note on Thursday, March 12th. The Goldman Sachs Group raised their price target on Lundin Mining from C$40.80 to C$48.20 in a research note on Friday. Finally, Citigroup lifted their target price on Lundin Mining from C$32.00 to C$41.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th.

Lundin Mining Trading Up 2.3%

TSE:LUN opened at C$38.06 on Thursday. The stock’s 50 day moving average price is C$38.06 and its 200 day moving average price is C$34.38. The company has a market capitalization of C$32.56 billion, a PE ratio of 22.79, a P/E/G ratio of -0.26 and a beta of 2.24. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 5.55. Lundin Mining has a 52-week low of C$13.37 and a 52-week high of C$45.74.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, May 6th. The mining company reported C$0.43 earnings per share (EPS) for the quarter. The firm had revenue of C$1.61 billion for the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.

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.