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

Shares of Lundin Mining Co. (TSE:LUN) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$17.51.

Several analysts have issued reports on LUN shares. Scotiabank upgraded shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and lowered their target price for the stock from C$18.00 to C$16.00 in a research note on Monday, August 19th. Morgan Stanley lifted their price objective on Lundin Mining from C$20.00 to C$20.70 in a research note on Friday, June 21st. Royal Bank of Canada decreased their target price on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Eight Capital lifted their price target on Lundin Mining from C$16.00 to C$17.50 in a research report on Thursday, July 11th. Finally, CIBC boosted their price objective on Lundin Mining from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th.

Insider Transactions at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin bought 65,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of C$12.55 per share, for a total transaction of C$815,854.00. Corporate insiders own 15.71% of the company’s stock.

Lundin Mining Stock Up 1.0 %

LUN stock opened at C$13.28 on Tuesday. 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 company has a market capitalization of C$10.32 billion, a price-to-earnings ratio of 47.43, a PEG ratio of -0.26 and a beta of 1.67. Lundin Mining has a fifty-two week low of C$8.18 and a fifty-two week high of C$17.97. The stock has a fifty day moving average of C$13.21 and a 200-day moving average of C$14.50.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share 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 the consensus estimate of C$1.51 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. As a group, equities research analysts predict that Lundin Mining will post 0.9548585 earnings per share for the current year.

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.