Lundin Mining (TSE:LUN) Issues Quarterly Earnings Results

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

Lundin Mining Stock Performance

Lundin Mining stock traded up C$0.46 during midday trading on Thursday, hitting C$35.66. The company’s stock had a trading volume of 2,867,356 shares, compared to its average volume of 3,001,223. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The company has a market cap of C$30.47 billion, a price-to-earnings ratio of 1,188.67, a PEG ratio of -0.26 and a beta of 2.08. The company has a 50-day moving average price of C$32.54 and a two-hundred day moving average price of C$24.58. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$38.85.

Analysts Set New Price Targets

LUN has been the subject of a number of research reports. Morgan Stanley lifted their target price on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. cut their price objective on Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. Raymond James Financial cut their price objective on shares of Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research report on Monday, January 26th. Jefferies Financial Group increased their price objective on shares of Lundin Mining from C$32.00 to C$38.00 in a research note on Monday, January 12th. Finally, Canadian Imperial Bank of Commerce upped their price target on Lundin Mining from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.54.

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.