Lundin Mining Co. (TSE:LUN) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Lundin Mining has a “Moderate Buy” consensus rating from 14 analysts, including eight buys, five holds, and one sell. The average 12-month price target is C$39.81.
• Recent analysts have adjusted their targets modestly, with targets generally ranging from C$42.00 to C$43.00; several firms maintained or assigned buy ratings.
• The stock opened at C$28.90, below its 50-day and 200-day moving averages, while the company recently reported C$0.43 in quarterly EPS and C$1.72 billion in revenue.

Lundin Mining Co. (TSE:LUN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$39.81.

LUN has been the topic of several research analyst reports. TD lowered their target price on shares of Lundin Mining from C$43.00 to C$42.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Barclays increased their target price on shares of Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th. National Bank Financial decreased their price target on Lundin Mining from C$43.50 to C$42.50 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Desjardins dropped their target price on shares of 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. Finally, Stifel Nicolaus lifted their price objective on shares of Lundin Mining from C$40.00 to C$42.00 and gave the stock a "buy" rating in a research note on Tuesday, October 20th.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$28.90 on Friday. Lundin Mining has a twelve month low of C$21.42 and a twelve month high of C$45.74. 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's 50 day moving average is C$34.32 and its 200 day moving average is C$35.92. The company has a market capitalization of C$24.60 billion, a P/E ratio of 16.51, a PEG 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. The company 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 is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world's largest copper, gold, and silver projects in the Vicuna District on the border of Argentina and Chile, where we hold a 50% interest.

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