Lundin Mining Co. (TSE:LUN) Receives Average Rating of “Hold” from Brokerages

Lundin Mining Co. (TSE:LUNGet Rating) has earned an average rating of “Hold” from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$13.37.

LUN has been the topic of several recent analyst reports. Haywood Securities cut Lundin Mining to a “hold” rating in a research report on Friday, July 22nd. Raymond James dropped their target price on Lundin Mining from C$16.00 to C$12.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 19th. The Goldman Sachs Group cut Lundin Mining to a “hold” rating and set a C$69.00 target price on the stock. in a research report on Wednesday, July 13th. Royal Bank of Canada dropped their target price on Lundin Mining from C$14.00 to C$10.00 and set a “sector perform” rating on the stock in a research report on Friday, July 29th. Finally, National Bankshares dropped their target price on Lundin Mining from C$9.50 to C$9.00 and set a “sector perform” rating on the stock in a research report on Friday, July 29th.

Lundin Mining Trading Down 1.0 %

Lundin Mining stock opened at C$7.03 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.50 and a quick ratio of 1.08. Lundin Mining has a one year low of C$6.40 and a one year high of C$14.00. The stock has a market capitalization of C$5.43 billion and a PE ratio of 5.62. The business’s fifty day moving average is C$7.09 and its 200 day moving average is C$9.66.

Lundin Mining (TSE:LUNGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The mining company reported C($0.06) EPS for the quarter, missing the consensus estimate of C$0.15 by C($0.21). The company had revenue of C$753.31 million during the quarter, compared to the consensus estimate of C$841.10 million. On average, sell-side analysts predict that Lundin Mining will post 5.9099995 EPS for the current year.

Insider Activity at Lundin Mining

In other Lundin Mining news, Senior Officer Andrew Hastings bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of C$6.60 per share, with a total value of C$33,000.00. Following the purchase, the insider now owns 31,466 shares of the company’s stock, valued at C$207,675.60.

About Lundin Mining

(Get Rating)

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

See Also

Analyst Recommendations for Lundin Mining (TSE:LUN)

Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with's FREE daily email newsletter.