Brokerages Set Lundin Mining Co. (TSE:LUN) Price Target at C$17.15

Shares of Lundin Mining Co. (TSE:LUN) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$17.15.

A number of analysts recently issued reports on LUN shares. The Goldman Sachs Group set a C$16.60 price objective on Lundin Mining and gave the stock a “buy” rating in a research report on Thursday, March 6th. Jefferies Financial Group cut their price objective on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Raymond James cut their price objective on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus cut their price objective on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th.

Lundin Mining Stock Up 1.3 %

TSE LUN opened at C$12.78 on Tuesday. Lundin Mining has a 52 week low of C$10.92 and a 52 week high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The business’s fifty day simple moving average is C$12.17 and its 200-day simple moving average is C$13.00. The firm has a market cap of C$7.81 billion, a PE ratio of 25.36, a P/E/G 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.