Ventum Financial Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price objective increased by investment analysts at Ventum Financial from C$25.00 to C$32.00 in a research note issued to investors on Monday,BayStreet.CA reports. Ventum Financial’s target price points to a potential upside of 9.74% from the company’s current price.

LUN has been the subject of a number of other research reports. CIBC boosted their price target on Lundin Mining from C$24.00 to C$30.00 in a report on Friday, December 12th. National Bankshares raised their price target on shares of Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on shares of Lundin Mining from C$28.00 to C$25.40 in a report on Wednesday, December 3rd. Cormark downgraded Lundin Mining from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Scotiabank lifted their target price on Lundin Mining from C$23.00 to C$23.50 in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lundin Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.42.

Lundin Mining Stock Up 3.0%

Shares of TSE:LUN traded up C$0.86 during midday trading on Monday, hitting C$29.16. The stock had a trading volume of 869,078 shares, compared to its average volume of 2,612,661. The company has a market cap of C$24.95 billion, a P/E ratio of 972.00, a PEG ratio of -0.26 and a beta of 1.93. The business’s 50-day simple moving average is C$24.47 and its 200-day simple moving average is C$18.82. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$29.18. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share (EPS) for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%. The business had revenue of C$1.40 billion during the quarter.

Lundin Mining Company Profile

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.