Lundin Mining (TSE:LUN) Posts Earnings Results

Lundin Mining (TSE:LUNGet Free Report) posted its earnings results on Thursday. The mining company reported C$0.59 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$1.51 billion during the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.

Lundin Mining Stock Up 10.9%

Shares of Lundin Mining stock opened at C$39.55 on Friday. The company has a market cap of C$33.79 billion, a P/E ratio of 1,318.33, a PEG ratio of -0.26 and a beta of 2.08. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. Lundin Mining has a one year low of C$8.94 and a one year high of C$39.66. The firm has a fifty day moving average of C$32.79 and a two-hundred day moving average of C$24.76.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LUN shares. Canadian Imperial Bank of Commerce boosted their price objective on Lundin Mining from C$30.00 to C$37.00 in a research note on Wednesday, February 4th. BMO Capital Markets lifted their target price on shares of Lundin Mining from C$22.00 to C$25.00 in a report on Thursday, November 6th. Stifel Nicolaus increased their price target on shares of Lundin Mining from C$26.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Scotiabank lifted their price objective on shares of Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Finally, Ci Capital upped their target price on shares of Lundin Mining from C$32.00 to C$41.00 in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy” and an average price target of C$33.54.

Check Out Our Latest Stock Report on Lundin Mining

Lundin Mining News Summary

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About Lundin Mining

(Get Free Report)

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.

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Earnings History for Lundin Mining (TSE:LUN)

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