Lundin Mining (TSE:LUN) Price Target Raised to C$31.00 at Scotiabank

Lundin Mining (TSE:LUN) had its target price increased by equities research analysts at Scotiabank from C$25.00 to C$31.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s price target points to a potential upside of 0.36% from the stock’s previous close.

LUN has been the subject of a number of other reports. CIBC boosted their price objective on shares of Lundin Mining from C$24.00 to C$30.00 in a report on Friday, December 12th. Stifel Nicolaus lifted their target price on Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. Ventum Financial upped their price target on Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Morgan Stanley lifted their price objective on Lundin Mining from C$25.80 to C$29.60 in a report on Tuesday, December 16th. Finally, Jefferies Financial Group boosted their target price on Lundin Mining from C$28.00 to C$32.00 in a research report on Monday, December 8th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$25.86.

Lundin Mining Stock Performance

Shares of LUN stock traded down C$0.22 during trading on Thursday, reaching C$30.89. 1,474,314 shares of the company’s stock traded hands, compared to its average volume of 2,098,015. The firm’s 50-day moving average is C$26.65 and its 200 day moving average is C$20.22. The company has a market capitalization of C$26.39 billion, a P/E ratio of 1,029.67, a PEG ratio of -0.26 and a beta of 2.12. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$32.34.

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

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.