Lundin Mining Co. (TSE:LUN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$17.15.

A number of equities research analysts have recently commented on LUN shares. Raymond James dropped their price objective on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group set a C$16.60 price objective on shares of Lundin Mining and gave the stock a “buy” rating in a research note on Thursday, March 6th. UBS Group dropped their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Jefferies Financial Group dropped their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$12.78 on Tuesday. Lundin Mining has a twelve month low of C$10.92 and a twelve month high of C$17.97. The company’s 50 day moving average is C$12.17 and its 200 day moving average is C$13.00. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The company has a market cap of C$7.81 billion, a PE ratio of 25.36, a price-to-earnings-growth 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.