Lundin Mining (TSE:LUN) Given New C$40.00 Price Target at ATB Cormark Capital Markets

Lundin Mining (TSE:LUN) had its target price hoisted by ATB Cormark Capital Markets from C$32.50 to C$40.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 22.21% from the stock’s previous close.

A number of other brokerages have also issued reports on LUN. JPMorgan Chase & Co. lowered Lundin Mining from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from C$32.90 to C$28.20 in a report on Monday, March 9th. National Bank Financial lifted their target price on Lundin Mining from C$42.00 to C$43.50 and gave the company a “sector perform” rating in a research note on Wednesday, April 15th. BMO Capital Markets boosted their price target on Lundin Mining from C$36.00 to C$45.00 in a research report on Wednesday, April 22nd. Royal Bank Of Canada increased their price target on Lundin Mining from C$29.00 to C$42.00 in a research note on Thursday, March 12th. Finally, Desjardins lifted their price objective on shares of Lundin Mining from C$35.00 to C$42.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$39.74.

Lundin Mining Stock Performance

Lundin Mining stock traded down C$1.99 during midday trading on Wednesday, reaching C$32.73. 2,416,024 shares of the stock traded hands, compared to its average volume of 2,889,981. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 5.55. The firm has a fifty day moving average price of C$38.57 and a two-hundred day moving average price of C$35.32. The firm has a market cap of C$28.00 billion, a price-to-earnings ratio of 19.60, a PEG ratio of -0.26 and a beta of 2.24. Lundin Mining has a fifty-two week low of C$13.37 and a fifty-two week high of C$45.74.

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