Lundin Mining Co. (TSE:LUN) Stock Has Consensus Target Price of C$39.71 According to Analysts

Lundin Mining Co. (TSE:LUN) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. One equities 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 1-year price target among brokerages that have issued ratings on the stock in the last year is C$39.71.

A number of analysts have recently commented on LUN shares. Canaccord Genuity Group lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. TD reduced their target price on shares of Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating for the company in a report on Friday, August 7th. Barclays raised their target price on shares of Lundin Mining from C$42.00 to C$43.00 in a research report on Thursday, July 16th. ATB Cormark Capital Markets lowered their price target on shares of Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating on the stock in a research note on Monday, August 24th. Finally, Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a research note on Friday, July 3rd.

Lundin Mining Stock Down 1.4%

Shares of Lundin Mining stock opened at C$34.67 on Wednesday. The business’s 50 day simple moving average is C$35.58 and its 200 day simple moving average is C$36.39. Lundin Mining has a 52-week low of C$20.09 and a 52-week high of C$45.74. The firm has a market cap of C$29.52 billion, a PE ratio of 19.81, a P/E/G ratio of -0.26 and a beta of 2.36. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.90 and a current ratio of 1.60.

Lundin Mining (TSE:LUN) last released its 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 firm had revenue of C$1.72 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.