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

Key Points

• Lundin Mining has a “Moderate Buy” consensus rating from 14 analysts, with eight buys, five holds and one sell. The average 12-month price target is C$39.71, above the stock’s recent C$34.98 price.
• Analyst targets have generally remained in the C$41.50–C$43.00 range, although some firms recently reduced their objectives while others raised them.
• Lundin Mining reported quarterly EPS of C$0.43 on revenue of C$1.72 billion, with a 35.11% net margin and 22.97% return on equity.

Lundin Mining Co. (TSE:LUN - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$39.71.

A number of brokerages have recently issued reports on LUN. Dnb Carnegie upgraded Lundin Mining to a "hold" rating in a report on Friday, July 3rd. Scotiabank raised their price target on shares of 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. Desjardins reduced their price target on shares of Lundin Mining from C$44.00 to C$42.00 and set a "buy" rating on the stock in a research report on Thursday, August 20th. ATB Cormark Capital Markets decreased their price objective on shares of Lundin Mining from C$42.50 to C$41.50 and set an "outperform" rating for the company in a research note on Monday, August 24th. Finally, Barclays increased their price objective on shares of Lundin Mining from C$42.00 to C$43.00 in a research report on Thursday, July 16th.

Lundin Mining Stock Down 0.3%

Shares of TSE:LUN opened at C$34.98 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. 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 simple moving average is C$35.68 and its 200-day simple moving average is C$36.29. The company has a market capitalization of C$29.78 billion, a P/E ratio of 19.99, a P/E/G ratio of -0.26 and a beta of 2.36.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.