Lundin Mining Co. (TSE:LUN) Receives C$17.15 Average Price Target from Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$17.15.

LUN has been the subject of a number of recent research reports. Scotiabank cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. Stifel Nicolaus dropped their target price on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating for the company in a report on Thursday, January 30th. UBS Group dropped their target price on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. The Goldman Sachs Group set a C$16.60 target price on Lundin Mining and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, Jefferies Financial Group decreased their price target on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th.

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at C$12.98 on Tuesday. The stock has a market cap of C$7.93 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The stock has a 50 day moving average price of C$12.18 and a 200-day moving average price of C$13.00. Lundin Mining has a one year low of C$10.92 and a one year high of C$17.97.

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.