Lundin Mining (TSE:LUN) Price Target Raised to C$40.00

Lundin Mining (TSE:LUN) had its target price raised by Stifel Nicolaus from C$26.00 to C$40.00 in a research report report published on Wednesday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the mining company’s stock.

Other analysts have also recently issued reports about the company. Scotiabank raised their target price on Lundin Mining from C$25.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Morgan Stanley lifted their price objective on Lundin Mining from C$25.80 to C$29.60 in a research report on Tuesday, December 16th. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. TD Securities upped their target price on Lundin Mining from C$28.00 to C$42.00 in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Lundin Mining from C$23.00 to C$29.00 in a report on Wednesday, December 10th. Two investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.54.

Lundin Mining Trading Down 1.2%

TSE:LUN opened at C$34.80 on Wednesday. The firm has a market capitalization of C$29.73 billion, a P/E ratio of 1,160.00, a P/E/G ratio of -0.26 and a beta of 2.08. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The company has a fifty day moving average of C$31.84 and a 200 day moving average of C$24.00. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$38.85.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$1.40 billion for 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.