Lundin Mining Co. (TSE:LUN) Receives C$17.51 Consensus PT from Analysts

Lundin Mining Co. (TSE:LUN - Get Free Report) has earned an average rating of "Hold" from the seventeen analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$17.51.

Several research firms have recently issued reports on LUN. Haywood Securities raised Lundin Mining from a "hold" rating to a "buy" rating and set a C$17.00 price target for the company in a research note on Tuesday, August 6th. CIBC boosted their target price on shares of Lundin Mining from C$16.00 to C$17.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised shares of Lundin Mining from a "neutral" rating to an "overweight" rating and cut their target price for the company from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. 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 note on Monday, August 19th. Finally, Royal Bank of Canada cut their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating for the company in a research note on Tuesday, September 10th.

Lundin Mining Price Performance

Shares of TSE LUN traded up C$0.14 during trading on Friday, hitting C$14.59. 1,677,800 shares of the company were exchanged, compared to its average volume of 2,390,702. The company has a market cap of C$11.33 billion, a price-to-earnings ratio of 52.11, a PEG 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. The firm's fifty day moving average price is C$13.25 and its 200 day moving average price is C$14.61. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90.

Lundin Mining (TSE:LUN - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.03). The firm had revenue of C$1.48 billion for the quarter, compared to analyst estimates of C$1.51 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Insider Transactions at Lundin Mining

In other news, Director Jack Oliver Lundin bought 65,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of C$12.55 per share, for a total transaction of C$815,854.00. Company insiders own 15.70% of the company's stock.

Lundin Mining Company Profile

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.