Lundin Mining Co. (TSE:LUN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Lundin Mining Co. (TSE:LUN) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$17.15.

LUN has been the subject of several recent research reports. Scotiabank lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. UBS Group reduced their price target on Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. 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 research note on Thursday, January 16th. Jefferies Financial Group dropped their target price on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Finally, The Goldman Sachs Group set a C$16.60 target price on Lundin Mining and gave the stock a “buy” rating in a research note on Thursday, March 6th.

Lundin Mining Trading Up 1.6 %

LUN opened at C$12.98 on Tuesday. The firm has a market cap of C$7.93 billion, a price-to-earnings ratio of 25.76, a PEG ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. Lundin Mining has a 12 month low of C$10.92 and a 12 month high of C$17.97. The stock has a fifty day moving average price of C$12.18 and a 200-day moving average price of C$13.00.

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.