Lundin Mining (TSE:LUN) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Lundin Mining shares crossed above their 200‑day moving average (C$31.35), trading as high as C$34.50 and last at C$33.87 on about 2.35 million shares.
• Analysts give a consensus rating of "Moderate Buy" with a mean target of C$36.97; several brokers raised targets (TD C$45, Desjardins/RBC C$42) while others trimmed theirs, producing mixed but generally positive guidance.
• Latest quarter showed C$0.59 EPS on C$1.51 billion revenue with a 33.65% net margin; Lundin has a market cap of C$28.95 billion, P/E of 22.73 and a high debt‑to‑equity ratio of 9.31.

Lundin Mining Co. (TSE:LUN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$31.35 and traded as high as C$34.50. Lundin Mining shares last traded at C$33.87, with a volume of 2,350,096 shares.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LUN. Desjardins increased their price objective on shares of Lundin Mining from C$35.00 to C$42.00 and gave the company a "buy" rating in a research report on Thursday, March 12th. Morgan Stanley decreased their target price on shares of Lundin Mining from C$39.70 to C$34.90 in a research note on Thursday, April 9th. Raymond James Financial lowered their price target on shares of Lundin Mining from C$30.00 to C$27.00 and set a "market perform" rating for the company in a report on Monday, January 26th. Royal Bank Of Canada lifted their price target on shares of Lundin Mining from C$29.00 to C$42.00 in a research note on Thursday, March 12th. Finally, TD Securities boosted their price objective on shares of Lundin Mining from C$42.00 to C$45.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lundin Mining currently has an average rating of "Moderate Buy" and a consensus target price of C$36.97.

Lundin Mining Stock Performance

The company's fifty day simple moving average is C$36.72 and its two-hundred day simple moving average is C$31.35. The company has a market capitalization of C$28.95 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of -0.26 and a beta of 2.22. The company has a debt-to-equity ratio of 9.31, a quick ratio of 0.90 and a current ratio of 1.64.

Lundin Mining (TSE:LUN - Get Free Report) last issued its quarterly earnings results on Friday, February 20th. The mining company reported C$0.59 EPS for the quarter. Lundin Mining had a net margin of 33.65% and a return on equity of 21.95%. The business had revenue of C$1.51 billion for the quarter.

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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