Lundin Mining Co. (TSE:LUN - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.61 and traded as high as C$14.77. Lundin Mining shares last traded at C$14.59, with a volume of 1,676,334 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on LUN shares. JPMorgan Chase & Co. upgraded shares of Lundin Mining from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Haywood Securities raised Lundin Mining from a "hold" rating to a "buy" rating and set a C$17.00 target price on the stock in a report on Tuesday, August 6th. National Bankshares cut their price target on Lundin Mining from C$19.50 to C$18.50 and set an "outperform" rating for the company in a research note on Monday, July 15th. Ventum Financial lowered their target price on shares of Lundin Mining from C$20.00 to C$18.50 in a report on Thursday, August 22nd. Finally, Eight Capital increased their price target on shares of Lundin Mining from C$16.00 to C$17.50 in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of C$17.51.
View Our Latest Analysis on Lundin Mining
Lundin Mining Trading Up 1.0 %
The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The business has a fifty day simple moving average of C$13.25 and a 200 day simple moving average of C$14.61. The stock 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 (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%.
Insiders Place Their Bets
In other Lundin Mining news, Director Jack Oliver Lundin purchased 65,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost of C$12.55 per share, with a total value of C$815,854.00. 15.70% of the stock is owned by corporate insiders.
About Lundin Mining
(
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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.
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