Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have earned an average rating of “Hold” from the seventeen research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$17.51.

Several research firms have recently weighed in on LUN. Haywood Securities upgraded Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price target on the stock in a report on Tuesday, August 6th. Scotiabank raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and dropped their price target for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. Eight Capital lifted their price target on shares of Lundin Mining from C$16.00 to C$17.50 in a report on Thursday, July 11th. National Bankshares decreased their price objective on Lundin Mining from C$19.50 to C$18.50 and set an “outperform” rating for the company in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. raised Lundin Mining from a “neutral” rating to an “overweight” rating and cut their target price for the stock from C$18.20 to C$17.30 in a report on Tuesday, August 20th.

Insider Activity

In other news, Director Jack Oliver Lundin acquired 65,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of C$12.55 per share, with a total value of C$815,854.00. Insiders own 15.71% of the company’s stock.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at C$12.48 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. The company has a market cap of C$9.69 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of -0.26 and a beta of 1.67. The company has a 50 day moving average of C$13.50 and a 200-day moving average of C$14.43. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$17.97.

Lundin Mining (TSE:LUN) last released its earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.03). The business had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.51 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. As a group, equities research analysts forecast that Lundin Mining will post 0.9548585 earnings per share for the current fiscal year.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.