Lundin Mining Co. (TSE:LUN) Receives C$17.19 Consensus Price Target from Analysts

Lundin Mining Co. (TSE:LUN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$17.19.

A number of equities analysts have commented on the stock. Scotiabank downgraded shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 15th. Stifel Nicolaus reduced their target price on shares of Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating for the company in a report on Thursday, January 30th. UBS Group reduced their target price on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Raymond James reduced their target price on shares of 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. Finally, Jefferies Financial Group reduced their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th.

Lundin Mining Stock Down 0.3 %

Shares of Lundin Mining stock traded down C$0.04 during trading on Friday, hitting C$12.33. 1,514,523 shares of the stock traded hands, compared to its average volume of 2,433,499. Lundin Mining has a 52-week low of C$10.56 and a 52-week high of C$17.97. The stock's fifty day simple moving average is C$12.31 and its 200 day simple moving average is C$13.14. The firm has a market cap of C$7.53 billion, a P/E ratio of 24.47, a price-to-earnings-growth 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 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.