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

Lundin Mining Co. (TSE:LUN) has been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$17.19.

Several research analysts recently weighed in on the stock. UBS Group dropped their target price on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Stifel Nicolaus dropped their price objective 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. Scotiabank cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. 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, Jefferies Financial Group cut their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$12.80 on Friday. The firm’s 50 day simple moving average is C$12.28 and its two-hundred day simple moving average is C$13.11. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The company has a market capitalization of C$7.82 billion, a P/E ratio of 25.40, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 1-year low of C$10.56 and a 1-year high of C$17.97.

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.