Lundin Mining (TSE:LUN) Price Target Raised to C$35.00

Lundin Mining (TSE:LUN) had its price target hoisted by Desjardins from C$30.00 to C$35.00 in a report released on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the mining company’s stock.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada upped their price target on shares of Lundin Mining from C$23.00 to C$29.00 in a research report on Wednesday, December 10th. CIBC boosted their target price on shares of Lundin Mining from C$24.00 to C$30.00 in a research note on Friday, December 12th. The Goldman Sachs Group upped their target price on shares of Lundin Mining from C$23.90 to C$35.80 in a research report on Tuesday, January 13th. BMO Capital Markets increased their price target on shares of Lundin Mining from C$22.00 to C$25.00 in a research note on Thursday, November 6th. Finally, Ventum Financial raised their price target on shares of Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lundin Mining has an average rating of “Moderate Buy” and a consensus price target of C$30.46.

Lundin Mining Stock Up 1.2%

TSE LUN opened at C$36.18 on Monday. The stock’s 50 day simple moving average is C$29.65 and its 200 day simple moving average is C$22.32. Lundin Mining has a one year low of C$8.94 and a one year high of C$37.10. The firm has a market cap of C$30.91 billion, a PE ratio of 1,206.00, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

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

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.