Lundin Mining (TSE:LUN) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Lundin Mining's stock has crossed above its 200-day moving average of C$13.41, trading as high as C$16.86, indicating potential upward momentum.
• Various analysts have a mixed outlook on Lundin Mining, with three rating it as Strong Buy and others issuing Hold and Neutral ratings, suggesting varied levels of market confidence.
• The company has a market capitalization of C$14.38 billion and currently has a consensus rating of "Moderate Buy" with an average price target of C$16.48.

Shares of Lundin Mining Co. (TSE:LUN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.41 and traded as high as C$16.86. Lundin Mining shares last traded at C$16.80, with a volume of 2,266,650 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LUN. Morgan Stanley raised their price target on shares of Lundin Mining from C$13.70 to C$14.50 in a research note on Wednesday, August 20th. National Bankshares raised their price target on shares of Lundin Mining from C$16.50 to C$17.50 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Desjardins set a C$17.00 price objective on shares of Lundin Mining and gave the company a "buy" rating in a report on Thursday, June 19th. Royal Bank Of Canada increased their price objective on shares of Lundin Mining from C$16.00 to C$18.00 in a report on Wednesday, September 10th. Finally, TD Securities increased their price objective on shares of Lundin Mining from C$18.00 to C$19.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Lundin Mining has a consensus rating of "Moderate Buy" and an average price target of C$16.48.

Lundin Mining Price Performance

The stock's fifty day moving average price is C$15.24 and its 200-day moving average price is C$13.51. The firm has a market cap of C$14.41 billion, a price-to-earnings ratio of -561.00, a P/E/G ratio of -0.26 and a beta of 1.55. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58.

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.