Lundin Mining Co. (TSE:LUN) Receives C$17.51 Average PT from Brokerages

Lundin Mining Co. (TSE:LUN) has been given an average rating of “Hold” by the seventeen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$17.51.

LUN has been the subject of several analyst reports. Haywood Securities upgraded shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 target price for the company in a report on Tuesday, August 6th. Scotiabank raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and cut their target price for the company from C$18.00 to C$16.00 in a research report on Monday, August 19th. Ventum Financial cut their target price on shares of Lundin Mining from C$20.00 to C$18.50 in a research report on Thursday, August 22nd. Eight Capital lifted their price objective on shares of Lundin Mining from C$16.00 to C$17.50 in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. raised shares of Lundin Mining from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th.

Lundin Mining Stock Performance

Shares of TSE LUN opened at C$14.59 on Friday. The firm has a fifty day moving average price of C$13.25 and a 200-day moving average price of C$14.62. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The stock has a market cap of C$11.33 billion, a PE ratio of 52.11, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. 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 issued its earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.03). Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. The company had revenue of C$1.48 billion for the quarter, compared to the consensus estimate of C$1.51 billion.

Insider Activity at Lundin Mining

In related news, Director Jack Oliver Lundin bought 65,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost of C$12.55 per share, with a total value of C$815,854.00. Corporate insiders own 15.70% of the company’s stock.

About Lundin Mining

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.