Jefferies Financial Group Forecasts Strong Price Appreciation for Lundin Mining (TSE:LUN) Stock

Lundin Mining (TSE:LUN) had its price objective upped by investment analysts at Jefferies Financial Group from C$32.00 to C$38.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential upside of 13.91% from the company’s previous close.

Several other analysts also recently issued reports on the company. Haywood Securities upped their price objective on Lundin Mining from C$28.00 to C$32.00 in a research report on Tuesday, December 16th. Morgan Stanley upped their price objective on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday, December 16th. BMO Capital Markets lifted their target price on shares of Lundin Mining from C$22.00 to C$25.00 in a research note on Thursday, November 6th. 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. Finally, Stifel Nicolaus lifted their price objective on Lundin Mining from C$18.00 to C$26.00 in a research report on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$27.34.

Lundin Mining Stock Performance

TSE:LUN opened at C$33.36 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The company has a market capitalization of C$28.50 billion, a P/E ratio of 1,112.00, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. The firm has a 50-day moving average price of C$27.48 and a two-hundred day moving average price of C$20.79. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$34.13.

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