Lundin Mining Co. (TSE:LUN) Receives C$17.15 Average Price Target from Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$17.15.

Several research firms have recently weighed in on LUN. Scotiabank downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. UBS Group lowered their target price on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Raymond James cut their price target on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a report on Thursday, January 16th. Jefferies Financial Group lowered their price objective 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 2.4 %

Shares of LUN stock opened at C$12.62 on Tuesday. Lundin Mining has a fifty-two week low of C$10.92 and a fifty-two week high of C$17.97. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The stock’s fifty day moving average is C$12.17 and its two-hundred day moving average is C$13.02. The firm has a market capitalization of C$7.71 billion, a P/E ratio of 25.04, a PEG ratio of -0.26 and a beta of 1.66.

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.