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

Lundin Mining Co. (TSE:LUN) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. Seven investment 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 analysts that have issued a report on the stock in the last year is C$17.15.

LUN has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. UBS Group decreased their target price on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. The Goldman Sachs Group set a C$16.60 price target on Lundin Mining and gave the company a “buy” rating in a report on Thursday, March 6th. Jefferies Financial Group cut their price target on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Finally, Raymond James dropped their target price 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.

Lundin Mining Stock Down 2.5 %

LUN stock opened at C$12.33 on Tuesday. Lundin Mining has a twelve month low of C$10.92 and a twelve month high of C$17.97. 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 company has a market capitalization of C$7.53 billion, a P/E ratio of 24.47, a PEG ratio of -0.26 and a beta of 1.66. The firm has a 50 day simple moving average of C$12.16 and a 200-day simple moving average of C$13.03.

Lundin Mining Company Profile

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.