Lundin Mining Co. (TSE:LUN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$17.19.

A number of research analysts have recently issued reports on LUN shares. Stifel Nicolaus lowered their price target on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Scotiabank cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. UBS Group cut their target price on shares of Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Raymond James lowered their price target on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a report on Thursday, January 16th. Finally, Ventum Financial increased their target price on Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th.

Lundin Mining Trading Up 1.0 %

LUN opened at C$12.37 on Friday. Lundin Mining has a 52 week low of C$10.56 and a 52 week high of C$17.97. The stock has a market cap of C$7.56 billion, a PE ratio of 24.55, a PEG ratio of -0.26 and a beta of 1.66. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The business has a 50 day moving average of C$12.40 and a 200-day moving average of C$13.17.

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.