Brokerages Set Lundin Mining Co. (TSE:LUN) Target Price at C$39.64

Shares of Lundin Mining Co. (TSE:LUN) have been given an average rating of “Hold” by the fifteen analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$39.71.

A number of brokerages have commented on LUN. TD dropped their target price on shares of 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. Desjardins decreased their price target on shares of Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. 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. Barclays increased their price objective on Lundin Mining from C$42.00 to C$43.00 in a research note on Thursday, July 16th. Finally, Scotiabank raised their price objective on Lundin Mining from C$36.00 to C$42.00 and gave the stock a “sector outperform” rating in a report on Monday, June 15th.

Lundin Mining Price Performance

LUN opened at C$38.10 on Tuesday. The business has a fifty day moving average of C$35.64 and a 200 day moving average of C$36.62. The stock has a market cap of C$32.43 billion, a P/E ratio of 21.77, a PEG ratio of -0.26 and a beta of 2.30. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 2.88. Lundin Mining has a 52-week low of C$15.47 and a 52-week high of C$45.74.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, August 5th. The mining company reported C$0.43 earnings per share (EPS) for the quarter. The firm had revenue of C$1.72 billion during the quarter. Lundin Mining had a net margin of 35.11% and a return on equity of 22.97%.

Lundin Mining Company Profile

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.