Lundin Mining (TSE:LUN) Price Target Raised to C$35.80

Lundin Mining (TSE:LUN) had its price target upped by The Goldman Sachs Group from C$23.90 to C$35.80 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Several other equities analysts have also commented on the stock. Royal Bank Of Canada upped their price objective on shares of Lundin Mining from C$23.00 to C$29.00 in a report on Wednesday, December 10th. Morgan Stanley boosted their target price on Lundin Mining from C$25.80 to C$29.60 in a research report on Tuesday, December 16th. TD Securities upped their price target on Lundin Mining from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Scotiabank lifted their price objective on Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Finally, BMO Capital Markets boosted their price objective on Lundin Mining from C$22.00 to C$25.00 in a report on Thursday, November 6th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$27.34.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at C$34.22 on Tuesday. The firm has a market cap of C$29.24 billion, a PE ratio of 1,140.67, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. 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 has a 52 week low of C$8.94 and a 52 week high of C$34.83. The business’s fifty day simple moving average is C$27.91 and its 200-day simple moving average is C$20.98.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data 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 firm had revenue of C$1.40 billion for the quarter.

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.