Lundin Mining Co. (TSE:LUN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Lundin Mining Co. (TSE:LUN) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$17.19.

A number of equities analysts have commented on the stock. Raymond James reduced their target price on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. Scotiabank downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Jefferies Financial Group cut their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Stifel Nicolaus lowered their price target on shares of 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. Finally, UBS Group lowered their price target on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th.

Lundin Mining Stock Up 0.7 %

Shares of TSE LUN opened at C$12.42 on Friday. The company’s 50-day simple moving average is C$12.31 and its 200-day simple moving average is C$13.14. Lundin Mining has a 52-week low of C$10.56 and a 52-week high of C$17.97. The firm has a market cap of C$7.59 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

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.