Lundin Mining (TSE:LUN) PT Set at C$42.00 by Barclays

Lundin Mining (TSE:LUN) has been given a C$42.00 price target by analysts at Barclays in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “equal weight” rating on the mining company’s stock. Barclays‘s price objective indicates a potential upside of 10.99% from the company’s previous close.

A number of other equities research analysts also recently weighed in on LUN. TD lowered their price target on Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. JPMorgan Chase & Co. downgraded Lundin Mining from a “neutral” rating to an “underweight” rating and lowered their price target for the company from C$32.90 to C$28.20 in a research report on Monday, March 9th. Haywood Securities raised their price target on Lundin Mining from C$32.00 to C$42.00 in a research report on Friday, January 23rd. Raymond James Financial lowered their price target on Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research report on Monday, January 26th. Finally, TD Securities raised their price target on Lundin Mining from C$42.00 to C$45.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$38.49.

Lundin Mining Price Performance

TSE:LUN traded up C$0.01 during trading hours on Friday, hitting C$37.84. 639,136 shares of the company’s stock traded hands, compared to its average volume of 2,948,118. The firm has a market cap of C$32.38 billion, a P/E ratio of 22.66, a P/E/G ratio of -0.26 and a beta of 2.25. Lundin Mining has a 52 week low of C$12.40 and a 52 week high of C$45.74. The business’s fifty day simple moving average is C$36.27 and its two-hundred day simple moving average is C$33.03. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 5.55.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, May 6th. The mining company reported C$0.43 earnings per share for the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.The business had revenue of C$1.61 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.