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

Lundin Mining Co. (TSE:LUN) has been given a consensus rating of “Buy” by the fifteen brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$8.83.

LUN has been the topic of several recent analyst reports. Haywood Securities reduced their target price on Lundin Mining from C$9.50 to C$8.50 in a report on Monday, September 9th. BMO Capital Markets lowered their price target on Lundin Mining from C$8.25 to C$8.00 in a report on Wednesday, November 27th. TD Securities raised their price target on Lundin Mining from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. National Bank Financial lifted their price objective on Lundin Mining from C$8.50 to C$8.75 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Bank of America cut their price objective on Lundin Mining from C$9.00 to C$8.25 in a report on Friday, August 16th.

In related news, Senior Officer Stephen Trelawney Gatley sold 44,000 shares of Lundin Mining stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of C$6.89, for a total value of C$303,160.00. Following the sale, the insider now owns 98,000 shares of the company’s stock, valued at approximately C$675,220. Also, Senior Officer Jinhee Magie sold 20,000 shares of Lundin Mining stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$7.46, for a total value of C$149,200.00. Following the completion of the sale, the insider now directly owns 101,000 shares in the company, valued at approximately C$753,460.

LUN traded up C$0.21 during mid-day trading on Monday, hitting C$7.41. The stock had a trading volume of 2,259,533 shares, compared to its average volume of 2,316,802. The stock’s fifty day simple moving average is C$7.16 and its 200-day simple moving average is C$6.67. The firm has a market capitalization of $5.45 billion and a price-to-earnings ratio of 54.89. Lundin Mining has a 1-year low of C$5.30 and a 1-year high of C$7.96. The company has a debt-to-equity ratio of 8.80, a current ratio of 1.38 and a quick ratio of 0.91.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, October 23rd. The mining company reported C$0.05 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.03). The company had revenue of C$711.21 million for the quarter. As a group, research analysts expect that Lundin Mining will post 0.47 earnings per share for the current fiscal 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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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Analyst Recommendations for Lundin Mining (TSE:LUN)

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