Lundin Mining (TSE:LUN) Price Target Raised to C$40.00

Lundin Mining (TSE:LUN) had its price objective hoisted by National Bankshares from C$30.00 to C$40.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also issued reports on LUN. JPMorgan Chase & Co. cut their target price on Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. Stifel Nicolaus boosted their price objective on Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. Jefferies Financial Group raised their target price on shares of Lundin Mining from C$32.00 to C$38.00 in a report on Monday, January 12th. Desjardins lifted their target price on shares of Lundin Mining from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Haywood Securities upped their price target on shares of Lundin Mining from C$32.00 to C$42.00 in a research report on Friday, January 23rd. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$31.34.

Lundin Mining Trading Down 7.6%

Shares of TSE:LUN opened at C$34.35 on Thursday. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The stock has a market capitalization of C$29.35 billion, a price-to-earnings ratio of 1,145.00, a PEG ratio of -0.26 and a beta of 2.12. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$38.85. The company has a 50 day moving average price of C$30.11 and a 200 day moving average price of C$22.63.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, November 5th. The mining company reported C$0.18 EPS for the quarter. The company 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%.

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.