Analysts Set Lundin Mining Co. (TSE:LUN) PT at C$39.71

Shares of Lundin Mining Co. (TSE:LUN) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$39.71.

Several research firms have commented on LUN. Barclays raised their price objective on Lundin Mining from C$42.00 to C$43.00 in a research report on Thursday, July 16th. Canaccord Genuity Group lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. National Bank Financial dropped their target price on Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. TD reduced their price target on Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, ATB Cormark Capital Markets lowered their price objective 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.

Lundin Mining Price Performance

LUN opened at C$32.43 on Friday. Lundin Mining has a 52-week low of C$16.19 and a 52-week high of C$45.74. The company has a 50 day moving average of C$35.86 and a two-hundred day moving average of C$36.66. The company has a market cap of C$27.61 billion, a P/E ratio of 18.53, a P/E/G ratio of -0.26 and a beta of 2.23. 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 (TSE:LUN) last issued its earnings results on Wednesday, August 5th. The mining company reported C$0.43 EPS for the quarter. The business had revenue of C$1.72 billion for the quarter. Lundin Mining had a net margin of 35.11% and a return on equity of 22.97%.

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.