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

Key Points

• Lundin Mining has a “Moderate Buy” consensus rating from 14 analysts: eight recommend buying, five rate the stock a hold, and one recommends selling. The average 12-month price target is C$39.71.
• Analyst price targets have varied, with recent revisions ranging from C$42.00 to C$48.20; ratings include outperform, buy, sector perform, and sector outperform.
• Lundin Mining reported quarterly EPS of C$0.43 on revenue of C$1.72 billion. Shares opened at C$33.45, while the stock’s 12-month range is C$16.19–C$45.74.

Shares of Lundin Mining Co. (TSE:LUN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$39.71.

Several equities research analysts have issued reports on LUN shares. ATB Cormark Capital Markets lowered their price target on Lundin Mining from C$42.50 to C$41.50 and set an "outperform" rating for the company in a report on Monday, August 24th. The Goldman Sachs Group lifted their price objective on Lundin Mining from C$40.80 to C$48.20 in a report on Friday, June 5th. Desjardins decreased their price objective on Lundin Mining from C$44.00 to C$42.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. National Bank Financial lowered their target price on Lundin Mining from C$43.50 to C$42.50 and set a "sector perform" rating for the company in a research note on Tuesday, July 14th. Finally, Scotiabank increased their target price on Lundin Mining from C$36.00 to C$42.00 and gave the stock a "sector outperform" rating in a research note on Monday, June 15th.

Lundin Mining Price Performance

Shares of LUN stock opened at C$33.45 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 2.88. Lundin Mining has a 12-month low of C$16.19 and a 12-month high of C$45.74. The firm has a fifty day moving average of C$35.90 and a 200-day moving average of C$36.78. The firm has a market capitalization of C$28.48 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of -0.26 and a beta of 2.23.

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

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.

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