Ci Capital Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price target hoisted by investment analysts at Ci Capital from C$32.00 to C$41.00 in a research note issued on Wednesday,BayStreet.CA reports. Ci Capital’s target price would indicate a potential upside of 14.85% from the company’s current price.

LUN has been the topic of several other reports. National Bankshares raised their target price on shares of Lundin Mining from C$30.00 to C$40.00 in a report on Thursday, January 29th. Haywood Securities lifted their target price on Lundin Mining from C$32.00 to C$42.00 in a research note on Friday, January 23rd. Citigroup set a C$32.00 price target on shares of Lundin Mining and gave the company a “buy” rating in a report on Monday, December 15th. Royal Bank Of Canada boosted their target price on shares of Lundin Mining from C$23.00 to C$29.00 in a research report on Wednesday, December 10th. Finally, Ventum Financial raised their price objective on Lundin Mining from C$25.00 to C$32.00 in a research note on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and a consensus price target of C$33.54.

Lundin Mining Trading Up 3.7%

Shares of LUN stock traded up C$1.28 during trading hours on Wednesday, reaching C$35.70. The company had a trading volume of 1,225,253 shares, compared to its average volume of 2,916,920. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$38.85. The firm has a market cap of C$30.50 billion, a price-to-earnings ratio of 1,190.00, a P/E/G ratio of -0.26 and a beta of 2.08. The company has a 50 day moving average of C$31.30 and a 200 day moving average of C$23.69.

Lundin Mining (TSE:LUN) last posted its earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share (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%.

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.