Lundin Mining (TSE:LUN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Lundin Mining Co. (TSE:LUN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LUN shares. National Bankshares lifted their price objective on shares of Lundin Mining from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. BMO Capital Markets upgraded shares of Lundin Mining to a “strong-buy” rating in a report on Friday, June 6th. Dnb Nor Markets raised Lundin Mining to a “hold” rating in a report on Tuesday, June 17th. JPMorgan Chase & Co. downgraded Lundin Mining from an “overweight” rating to a “neutral” rating and increased their price objective for the company from C$15.30 to C$15.60 in a research report on Thursday, July 10th. Finally, TD Securities lifted their target price on Lundin Mining from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$16.48.

Lundin Mining Trading Up 0.4%

The company’s 50-day moving average is C$15.09 and its 200 day moving average is C$13.41. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The firm has a market cap of C$14.38 billion, a PE ratio of -560.00, a P/E/G ratio of -0.26 and a beta of 1.55.

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.