Lundin Mining (TSE:LUN) Downgraded by Canaccord Genuity Group to Hold

Canaccord Genuity Group cut shares of Lundin Mining (TSE:LUN) from a strong-buy rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

LUN has been the subject of several other research reports. Scotiabank increased their price objective on shares of Lundin Mining from C$36.00 to C$42.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. Barclays lifted their target price on shares of Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th. The Goldman Sachs Group upped their price target on shares of Lundin Mining from C$40.80 to C$48.20 in a research report on Friday, June 5th. ATB Cormark Capital Markets increased their price target on Lundin Mining from C$32.50 to C$40.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Finally, Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a report on Friday, July 3rd. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lundin Mining currently has an average rating of “Hold” and a consensus price target of C$39.64.

Lundin Mining Stock Up 0.2%

Shares of TSE:LUN opened at C$37.66 on Thursday. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.90 and a current ratio of 1.81. Lundin Mining has a 1 year low of C$14.88 and a 1 year high of C$45.74. The stock has a market capitalization of C$32.15 billion, a P/E ratio of 22.55, a PEG ratio of -0.26 and a beta of 2.30. The stock has a 50-day simple moving average of C$36.30 and a 200-day simple moving average of C$36.53.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Wednesday, August 5th. The mining company reported C$0.43 EPS for the quarter. The firm had revenue of C$1.72 billion for the quarter. Lundin Mining had a net margin of 35.92% and a return on equity of 23.11%.

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.