Lundin Mining (TSE:LUN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Lundin Mining Co. (TSE:LUN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$36.79 and traded as high as C$39.20. Lundin Mining shares last traded at C$37.11, with a volume of 3,296,981 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LUN. National Bank Financial lowered their price objective on shares of Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. ATB Cormark Capital Markets cut their target price on shares of Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating for the company in a research report on Monday, August 24th. Canaccord Genuity Group lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Barclays boosted their price target on shares of Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th. Finally, Desjardins dropped their price target on shares of 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. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$39.71.

Lundin Mining Price Performance

The company has a market capitalization of C$29.99 billion, a PE ratio of 20.13, a P/E/G ratio of -0.26 and a beta of 2.30. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.90 and a current ratio of 1.60. The stock has a 50 day moving average price of C$35.66 and a two-hundred day moving average price of C$36.79.

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

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.