Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Lundin Mining Co. (TSE:LUN) have received a consensus recommendation of “Buy” from the fifteen research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$9.24.
Several equities analysts recently issued reports on the company. National Bank Financial cut Detour Gold to a “hold” rating in a research note on Friday, June 28th. CSFB reduced their price objective on Lundin Mining from C$9.00 to C$8.25 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. CIBC raised their price objective on Toromont Industries from C$68.00 to C$69.00 in a research note on Friday. JPMorgan Chase & Co. raised their price objective on PROS from $55.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, TD Securities reduced their price objective on West Fraser Timber from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd.
Shares of Lundin Mining stock traded down C$0.02 on Tuesday, hitting C$6.54. 470,640 shares of the company’s stock traded hands, compared to its average volume of 2,382,539. The firm has a market capitalization of $4.76 billion and a PE ratio of 60.09. The company has a current ratio of 2.49, a quick ratio of 1.95 and a debt-to-equity ratio of 1.76. The business’s 50-day simple moving average is C$6.94. Lundin Mining has a 52-week low of C$4.70 and a 52-week high of C$7.96.
About Lundin Mining
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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