Lundin Mining (TSE:LUN) Price Target Raised to C$45.00

Lundin Mining (TSE:LUN) had its price target increased by TD Securities from C$42.00 to C$45.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

LUN has been the topic of several other research reports. Raymond James Financial cut their price objective on Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a report on Monday, January 26th. Canadian Imperial Bank of Commerce increased their price objective on shares of Lundin Mining from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Ci Capital upped their price target on shares of Lundin Mining from C$32.00 to C$41.00 in a research note on Wednesday, February 11th. National Bank Financial lowered Lundin Mining from an “outperform” rating to a “hold” rating and set a C$40.00 target price on the stock. in a report on Tuesday, February 17th. Finally, Jefferies Financial Group lifted their target price on Lundin Mining from C$32.00 to C$38.00 in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$33.71.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$42.92 on Monday. The company’s 50-day moving average is C$33.69 and its two-hundred day moving average is C$25.41. 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$45.74. The company has a market cap of C$36.67 billion, a PE ratio of 1,430.67, a PEG ratio of -0.26 and a beta of 2.08.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Thursday, February 19th. The mining company reported C$0.59 earnings per share for the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.The company had revenue of C$1.51 billion for 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.