Lundin Mining (TSE:LUN) Price Target Raised to C$41.00

Lundin Mining (TSE:LUN) had its target price upped by Citigroup from C$32.00 to C$41.00 in a report released on Wednesday morning,BayStreet.CA reports. Citigroup currently has a buy rating on the mining company’s stock.

Several other brokerages have also issued reports on LUN. Scotiabank raised their target price on Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. Jefferies Financial Group raised their price objective on shares of Lundin Mining from C$32.00 to C$38.00 in a report on Monday, January 12th. Raymond James Financial lowered their price objective on shares of Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research report on Monday, January 26th. Finally, National Bank Financial increased their target price on shares of Lundin Mining from C$30.00 to C$40.00 in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$33.54.

Lundin Mining Price Performance

Lundin Mining stock opened at C$34.80 on Wednesday. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$38.85. The company’s 50 day moving average price is C$31.84 and its two-hundred day moving average price is C$24.00. The stock has a market cap 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.

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