Lundin Mining (TSE:LUN) Hits New 1-Year High – Here’s What Happened

Shares of Lundin Mining Co. (TSE:LUN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$38.85 and last traded at C$35.94, with a volume of 1296687 shares changing hands. The stock had previously closed at C$36.18.

Analyst Ratings Changes

LUN has been the topic of several research analyst reports. Scotiabank lifted their price objective on 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. Citigroup set a C$32.00 price target on shares of Lundin Mining and gave the company a “buy” rating in a research report on Monday, December 15th. National Bankshares boosted their price objective on shares of Lundin Mining from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday, December 16th. Finally, Haywood Securities lifted their target price on shares of Lundin Mining from C$32.00 to C$42.00 in a report on Friday, January 23rd. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$30.46.

Lundin Mining Stock Up 0.3%

The firm has a fifty day simple moving average of C$29.65 and a 200-day simple moving average of C$22.32. The company has a market capitalization of C$31.00 billion, a PE ratio of 1,209.33, a P/E/G ratio of -0.26 and a beta of 2.12. 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 (TSE:LUN) last posted its quarterly earnings data on Wednesday, November 5th. The mining company reported C$0.18 EPS for the quarter. The firm had revenue of C$1.40 billion for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%.

Lundin Mining Company Profile

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.