Lundin Mining Co. (TSE:LUN) Stock Has Average Target Price of C$39.81 According to Brokerages

by · The Markets Daily

Lundin Mining Co. (TSE:LUN – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$39.81.

Several 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 note on Thursday, August 6th. National Bank Financial decreased their price objective on shares of Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Stifel Nicolaus increased their price objective on shares of Lundin Mining from C$40.00 to C$42.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. ATB Cormark Capital Markets dropped their target price on shares of Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating for the company in a report on Monday, August 24th. Finally, Barclays raised their target price on shares of Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th.

Read Our Latest Report on LUN

Lundin Mining Stock Performance

TSE LUN opened at C$29.91 on Friday. The business has a 50 day moving average price of C$34.00 and a 200 day moving average price of C$35.88. The company has a market capitalization of C$25.46 billion, a P/E ratio of 17.09, a PEG ratio of -0.26 and a beta of 2.36. Lundin Mining has a 1-year low of C$21.42 and a 1-year high of C$45.74. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.60 and a quick ratio of 0.90.

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

Lundin Mining Company Profile

(Get Free Report)

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world’s largest copper, gold, and silver projects in the Vicuna District on the border of Argentina and Chile, where we hold a 50% interest.

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