Lundin Mining Co. (TSE:LUN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Lundin Mining Co. (TSE:LUN) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$39.71.

A number of research firms have recently issued reports on LUN. Canaccord Genuity Group downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Scotiabank increased their price objective on Lundin Mining from C$36.00 to C$42.00 and gave the company a “sector outperform” rating in a report on Monday, June 15th. Barclays lifted their target price on shares of Lundin Mining from C$42.00 to C$43.00 in a research note on Thursday, July 16th. Desjardins dropped their price target on Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Finally, ATB Cormark Capital Markets cut their price objective on shares of Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating on the stock in a research note on Monday, August 24th.

Lundin Mining Trading Down 0.9%

LUN stock opened at C$31.86 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 2.88. Lundin Mining has a twelve month low of C$16.19 and a twelve month high of C$45.74. The stock has a market capitalization of C$27.12 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of -0.26 and a beta of 2.23. The firm’s fifty day simple moving average is C$35.83 and its two-hundred day simple moving average is C$36.51.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Wednesday, August 5th. The mining company reported C$0.43 EPS for the quarter. The firm had revenue of C$1.72 billion for the quarter. Lundin Mining had a net margin of 35.11% and a return on equity of 22.97%.

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.