Lundin Mining Co. (TSE:LUN) Stock Has Consensus Target Price of C$39.71 According to Brokerages

Lundin Mining Co. (TSE:LUN) has been assigned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$39.71.

A number of equities research analysts have recently weighed in on the stock. Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a report on Friday, July 3rd. Scotiabank upped their price target on Lundin Mining from C$36.00 to C$42.00 and gave the company a “sector outperform” rating in a report on Monday, June 15th. TD lowered their target price on shares of Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating for the company in a report on Friday, August 7th. Desjardins decreased their price objective on shares of Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Finally, Barclays lifted their target price on Lundin Mining from C$42.00 to C$43.00 in a research report on Thursday, July 16th.

Lundin Mining Price Performance

TSE:LUN opened at C$35.17 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 2.88. The stock has a market capitalization of C$29.94 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of -0.26 and a beta of 2.36. Lundin Mining has a 52 week low of C$20.09 and a 52 week high of C$45.74. The stock’s fifty day moving average is C$35.63 and its two-hundred day moving average is C$36.36.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, August 5th. The mining company reported C$0.43 earnings per share (EPS) for the quarter. The business had revenue of C$1.72 billion for the quarter. Lundin Mining had a net margin of 35.11% and a return on equity of 22.97%.

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.