Lundin Mining (TSE:LUN) Given New C$42.00 Price Target at TD

Lundin Mining (TSE:LUN) had its target price decreased by research analysts at TD from C$43.00 to C$42.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. TD’s price target would indicate a potential upside of 13.09% from the company’s previous close.

A number of other research firms also recently commented on LUN. The Goldman Sachs Group lifted their price objective on shares of Lundin Mining from C$40.80 to C$48.20 in a report on Friday, June 5th. BMO Capital Markets increased their target price on shares of Lundin Mining from C$36.00 to C$45.00 in a report on Wednesday, April 22nd. Scotiabank raised their price target on shares of Lundin Mining from C$36.00 to C$42.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. Barclays lifted their price target on shares of Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Lundin Mining from C$32.50 to C$40.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$39.64.

Lundin Mining Stock Down 1.2%

TSE LUN traded down C$0.45 on Friday, hitting C$37.14. 1,505,291 shares of the stock traded hands, compared to its average volume of 2,782,252. 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 stock has a 50-day moving average of C$36.37 and a 200 day moving average of C$36.52. Lundin Mining has a twelve month low of C$14.88 and a twelve month high of C$45.74. The company has a market capitalization of C$31.71 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of -0.26 and a beta of 2.30.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, August 5th. The mining company reported C$0.43 EPS for the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.The company had revenue of C$1.72 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.