Morgan Stanley Boosts Lundin Mining (TSE:LUN) Price Target to C$25.80

Lundin Mining (TSE:LUN) had its target price lifted by investment analysts at Morgan Stanley from C$25.40 to C$25.80 in a research note issued on Tuesday,BayStreet.CA reports. Morgan Stanley’s price objective would suggest a potential downside of 3.73% from the stock’s current price.

A number of other equities analysts have also weighed in on LUN. CIBC upped their target price on shares of Lundin Mining from C$18.00 to C$24.00 in a research note on Friday, October 10th. National Bankshares boosted their price target on Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Cormark downgraded Lundin Mining from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. BMO Capital Markets lifted their target price on Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Finally, Raymond James Financial boosted their target price on Lundin Mining from C$15.00 to C$16.00 in a research note on Thursday, August 21st. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$22.09.

Lundin Mining Price Performance

TSE LUN opened at C$26.80 on Tuesday. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The stock has a market cap of C$22.96 billion, a price-to-earnings ratio of 893.33, a PEG ratio of -0.26 and a beta of 1.93. The business has a 50 day simple moving average of C$22.96 and a 200 day simple moving average of C$17.61. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$26.89.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%. The firm had revenue of C$1.40 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.