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

Lundin Mining Co. (TSE:LUN) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$39.74.

A number of analysts recently commented on the company. Scotiabank upped their price objective on Lundin Mining from C$36.00 to C$42.00 and gave the company a “sector outperform” rating in a research report on Monday, June 15th. ATB Cormark Capital Markets boosted their price target on Lundin Mining from C$32.50 to C$40.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Royal Bank Of Canada upped their price target on shares of Lundin Mining from C$29.00 to C$42.00 in a research report on Thursday, March 12th. JPMorgan Chase & Co. cut shares of Lundin Mining from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from C$32.90 to C$28.20 in a research note on Monday, March 9th. Finally, Desjardins raised their price objective on shares of Lundin Mining from C$35.00 to C$42.00 and gave the stock a “buy” rating in a report on Thursday, March 12th.

Lundin Mining Price Performance

LUN opened at C$35.15 on Monday. The stock has a market capitalization of C$30.01 billion, a price-to-earnings ratio of 21.05, a PEG ratio of -0.26 and a beta of 2.24. The firm has a 50 day moving average price of C$37.68 and a 200-day moving average price of C$35.75. Lundin Mining has a twelve month low of C$13.37 and a twelve month high of C$45.74. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 5.55.

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

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.