Brokerages Set Lundin Mining Co. (TSE:LUN) PT at C$39.69

Shares of Lundin Mining Co. (TSE:LUN) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$39.69.

Several brokerages have weighed in on LUN. Barclays upped their target price on Lundin Mining from C$42.00 to C$43.00 in a research report on Thursday, July 16th. BMO Capital Markets boosted their price target on Lundin Mining from C$36.00 to C$45.00 in a research note on Wednesday, April 22nd. Morgan Stanley dropped their price objective on Lundin Mining from C$39.70 to C$34.90 in a report on Thursday, April 9th. The Goldman Sachs Group raised their price objective on shares of Lundin Mining from C$40.80 to C$48.20 in a research report on Friday, June 5th. Finally, National Bank Financial reduced their target price on shares of Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$35.94 on Friday. Lundin Mining has a 12 month low of C$13.37 and a 12 month high of C$45.74. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 5.55. The stock has a market cap of C$30.68 billion, a P/E ratio of 21.52, a P/E/G ratio of -0.26 and a beta of 2.32. The company’s fifty day simple moving average is C$36.89 and its 200-day simple moving average is C$36.33.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, May 6th. The mining company reported C$0.43 earnings per share (EPS) for the quarter. The business had revenue of C$1.61 billion during the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.

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.