Raymond James Financial Lowers Lundin Mining (TSE:LUN) Price Target to C$27.00

Lundin Mining (TSE:LUN) had its price objective reduced by research analysts at Raymond James Financial from C$30.00 to C$27.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the mining company’s stock. Raymond James Financial’s price target would suggest a potential downside of 24.45% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Haywood Securities lifted their price objective on shares of Lundin Mining from C$32.00 to C$42.00 in a report on Friday, January 23rd. Desjardins raised their target price on Lundin Mining from C$30.00 to C$35.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. cut their price target on Lundin Mining from C$28.00 to C$25.40 in a research note on Wednesday, December 3rd. TD Securities increased their price target on Lundin Mining from C$28.00 to C$42.00 in a research report on Thursday, January 22nd. Finally, BMO Capital Markets raised their price objective on Lundin Mining from C$22.00 to C$25.00 in a report on Thursday, November 6th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lundin Mining presently has an average rating of “Moderate Buy” and an average price target of C$30.46.

Lundin Mining Trading Up 1.3%

Shares of TSE:LUN opened at C$35.74 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. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$37.10. The business has a 50 day moving average of C$29.45 and a two-hundred day moving average of C$22.22. The company has a market capitalization of C$30.53 billion, a PE ratio of 1,191.33, a PEG ratio of -0.26 and a beta of 2.12.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data 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.

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.