Lundin Mining (TSE:LUN) Stock Price Expected to Rise, Scotiabank Analyst Says

Lundin Mining (TSE:LUN) had its price target hoisted by Scotiabank from C$25.00 to C$31.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s price objective would suggest a potential downside of 5.46% from the stock’s previous close.

A number of other brokerages have also recently issued reports on LUN. Morgan Stanley boosted their price objective on Lundin Mining from C$25.80 to C$29.60 in a report on Tuesday, December 16th. TD Securities upped their price objective on shares of Lundin Mining from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. CIBC upped their target price on Lundin Mining from C$24.00 to C$30.00 in a research note on Friday, December 12th. Haywood Securities raised their price target on shares of Lundin Mining from C$28.00 to C$32.00 in a research note on Tuesday, December 16th. Finally, Ventum Financial raised their price objective on Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$25.86.

Lundin Mining Stock Performance

Shares of LUN opened at C$32.79 on Thursday. Lundin Mining has a one year low of C$8.94 and a one year high of C$33.04. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The company has a market cap of C$28.01 billion, a PE ratio of 1,093.00, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. The firm has a 50-day moving average of C$27.02 and a 200-day moving average of C$20.43.

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 return on equity of 5.55% and a net margin of 6.63%.The firm had revenue of C$1.40 billion for 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.