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

Lundin Mining (TSE:LUN) had its price objective upped by Ci Capital from C$32.00 to C$41.00 in a report published on Wednesday,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on the company. Desjardins lifted their price objective on Lundin Mining from C$30.00 to C$35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Raymond James Financial reduced their target price on Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a report on Monday, January 26th. Canadian Imperial Bank of Commerce boosted their price target on Lundin Mining from C$30.00 to C$37.00 in a research note on Wednesday, February 4th. Ventum Financial upped their price objective on shares of Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. Finally, Stifel Nicolaus increased their price objective on shares of Lundin Mining from C$18.00 to C$26.00 in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$33.54.

Lundin Mining Stock Performance

TSE LUN opened at C$34.80 on Wednesday. The firm has a 50-day moving average price of C$31.84 and a two-hundred day moving average price of C$24.00. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$38.85. The company 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.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share 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%.

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.