Brokerages Set Lundin Mining Co. (TSE:LUN) Target Price at C$38.49

Lundin Mining Co. (TSE:LUN) has been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$39.15.

A number of brokerages have recently issued reports on LUN. Ci Capital boosted their price objective on Lundin Mining from C$32.00 to C$41.00 in a research note on Wednesday, February 11th. Morgan Stanley dropped their price objective on Lundin Mining from C$39.70 to C$34.90 in a research note on Thursday, April 9th. Citigroup boosted their price objective on Lundin Mining from C$32.00 to C$41.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group boosted their price objective on Lundin Mining from C$40.80 to C$48.20 in a research note on Friday, June 5th. Finally, Stifel Nicolaus boosted their price objective on Lundin Mining from C$26.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th.

Lundin Mining Trading Down 3.7%

TSE LUN opened at C$35.80 on Thursday. The business’s 50-day moving average price is C$38.25 and its two-hundred day moving average price is C$34.54. Lundin Mining has a 12 month low of C$13.37 and a 12 month high of C$45.74. The firm has a market capitalization of C$30.62 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of -0.26 and a beta of 2.24. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 5.55.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, May 6th. The mining company reported C$0.43 EPS for the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.The firm had revenue of C$1.61 billion for the quarter.

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.