Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Fifteen analysts cover Lundin Mining, with eight buys, six holds and one sell. The average 12-month price target is C$39.64, above the C$36.17 opening price.
• Recent broker actions were mixed but generally positive: Scotiabank and ATB Cormark raised their targets, while Canaccord Genuity downgraded the stock to “Hold” and TD trimmed its target to C$42 while maintaining a “Buy” rating.
• Lundin Mining reported C$0.43 in quarterly EPS and C$1.72 billion in revenue, with a 35.11% net margin and 22.97% return on equity.

Shares of Lundin Mining Co. (TSE:LUN - Get Free Report) have been assigned an average recommendation of "Hold" from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$39.64.

A number of analysts have recently weighed in on LUN shares. Scotiabank upped their price target on shares of 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. ATB Cormark Capital Markets raised their price objective on shares of 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. Canaccord Genuity Group cut Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. The Goldman Sachs Group boosted their target price on Lundin Mining from C$40.80 to C$48.20 in a report on Friday, June 5th. Finally, TD cut their target price on Lundin Mining from C$43.00 to C$42.00 and set a "buy" rating for the company in a research report on Friday, August 7th.

Lundin Mining Price Performance

Shares of TSE LUN opened at C$36.17 on Tuesday. The stock has a market cap of C$30.79 billion, a P/E ratio of 20.67, a P/E/G ratio of -0.26 and a beta of 2.30. The firm's 50-day simple moving average is C$35.73 and its 200 day simple moving average is C$36.59. Lundin Mining has a fifty-two week low of C$14.88 and a fifty-two week 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.

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

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.

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