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

Lundin Mining (TSE:LUN) had its target price upped by Jefferies Financial Group from C$106.00 to C$113.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 217.68% from the company’s previous close.

A number of other research analysts have also commented on the stock. CIBC boosted their price target on shares of Lundin Mining from C$24.00 to C$30.00 in a research report on Friday, December 12th. Haywood Securities lifted their price objective on Lundin Mining from C$28.00 to C$32.00 in a research note on Tuesday, December 16th. Ventum Financial upped their target price on Lundin Mining from C$25.00 to C$32.00 in a research note on Monday, December 22nd. TD Securities raised their price target on Lundin Mining from C$26.00 to C$28.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. dropped their price target on Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.75.

Lundin Mining Trading Up 2.2%

Shares of LUN opened at C$35.57 on Monday. The business’s 50-day moving average price is C$28.50 and its 200-day moving average price is C$21.50. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$35.81. The stock has a market cap of C$30.39 billion, a PE ratio of 1,185.67, a P/E/G ratio of -0.26 and a beta of 2.12. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

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

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.