Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Lundin Mining Co. received a consensus recommendation of “Moderate Buy” from fifteen analyst ratings firms, with six holding, six buying, and three giving a strong buy rating.
• The average 1-year price target set by analysts for Lundin Mining is C$16.67, reflecting positive sentiment in the market.
• The company's stock has a current market cap of C$16.91 billion and has shown a 12 month price range of C$8.94 to C$21.00.

Lundin Mining Co. (TSE:LUN - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$16.67.

Several research firms have recently weighed in on LUN. Raymond James Financial lifted their target price on shares of Lundin Mining from C$15.00 to C$16.00 in a research report on Thursday, August 21st. Morgan Stanley upped their target price on Lundin Mining from C$13.70 to C$14.50 in a report on Wednesday, August 20th. Dnb Nor Markets upgraded shares of Lundin Mining to a "hold" rating in a report on Tuesday, June 17th. JPMorgan Chase & Co. cut shares of Lundin Mining from an "overweight" rating to a "neutral" rating and boosted their price target for the company from C$15.30 to C$15.60 in a report on Thursday, July 10th. Finally, BMO Capital Markets upgraded Lundin Mining to a "strong-buy" rating in a report on Friday, June 6th.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$19.75 on Friday. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The stock has a market cap of C$16.91 billion, a price-to-earnings ratio of -658.33, a PEG ratio of -0.26 and a beta of 1.55. The stock's 50 day moving average price is C$15.72 and its 200 day moving average price is C$13.72. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$21.00.

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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