Lundin Mining (TSE:LUN) Reaches New 12-Month High - Should You Buy?

Key Points

• Lundin Mining Co. hit a new 52-week high of C$17.27 during mid-day trading, closing slightly lower at C$17.16 with a trading volume of 475,738 shares.
• Analysts have differing views on the stock; while TD Securities raised their price target to C$19.00, Haywood Securities downgraded it to a "hold" rating.
• The stock currently has a market capitalization of C$14.72 billion and a consensus rating of "Moderate Buy" with an average target price of C$16.48.

Lundin Mining Co. (TSE:LUN - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$17.27 and last traded at C$17.16, with a volume of 475738 shares trading hands. The stock had previously closed at C$16.83.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LUN shares. Scotiabank boosted their price target on shares of Lundin Mining from C$14.50 to C$16.00 in a research report on Monday, June 16th. Desjardins set a C$17.00 target price on Lundin Mining and gave the company a "buy" rating in a research note on Thursday, June 19th. Haywood Securities lowered Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Royal Bank Of Canada raised their target price on Lundin Mining from C$16.00 to C$18.00 in a research note on Wednesday, September 10th. Finally, BMO Capital Markets upgraded shares of Lundin Mining to a "strong-buy" rating in a research report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Lundin Mining currently has a consensus rating of "Moderate Buy" and an average target price of C$16.48.

Lundin Mining Trading Up 2.7%

The stock has a market capitalization of C$14.79 billion, a P/E ratio of -576.00, a PEG ratio of -0.26 and a beta of 1.55. 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 business's 50 day simple moving average is C$15.31 and its 200-day simple moving average is C$13.55.

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.