Lundin Mining (TSE:LUN) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Lundin Mining (TSE:LUN) had its target price hoisted by equities research analysts at The Goldman Sachs Group from C$40.80 to C$48.20 in a research report issued on Friday,BayStreet.CA reports. The Goldman Sachs Group’s target price points to a potential upside of 28.06% from the company’s current price.

LUN has been the topic of a number of other reports. Ci Capital lifted their price target on Lundin Mining from C$32.00 to C$41.00 in a research note on Wednesday, February 11th. JPMorgan Chase & Co. cut Lundin Mining from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from C$32.90 to C$28.20 in a research note on Monday, March 9th. Citigroup lifted their price objective on Lundin Mining from C$32.00 to C$41.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. BMO Capital Markets lifted their price objective on Lundin Mining from C$36.00 to C$45.00 in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus lifted their price objective on Lundin Mining from C$26.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$39.15.

Lundin Mining Price Performance

Shares of TSE LUN traded down C$4.95 during trading hours on Friday, reaching C$37.64. 2,329,739 shares of the stock traded hands, compared to its average volume of 2,870,839. The company has a market capitalization of C$32.20 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of -0.26 and a beta of 2.25. 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 has a 52-week low of C$13.37 and a 52-week high of C$45.74. The company’s 50-day simple moving average is C$37.84 and its two-hundred day simple moving average is C$34.21.

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

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.