Lundin Mining (TSE:LUN) Given New C$43.00 Price Target at Barclays

Lundin Mining (TSE:LUN) had its price target upped by Barclays from C$42.00 to C$43.00 in a report issued on Thursday,BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on LUN. BMO Capital Markets boosted their price target on shares of Lundin Mining from C$36.00 to C$45.00 in a research report on Wednesday, April 22nd. Scotiabank raised their price objective on Lundin Mining from C$36.00 to C$42.00 and gave the stock a “sector outperform” rating in a report on Monday, June 15th. Morgan Stanley cut their target price on Lundin Mining from C$39.70 to C$34.90 in a research report on Thursday, April 9th. ATB Cormark Capital Markets boosted their target price on Lundin Mining from C$32.50 to C$40.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Finally, National Bank Financial reduced their target price on Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating for the company in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lundin Mining currently has an average rating of “Moderate Buy” and an average price target of C$39.69.

Lundin Mining Trading Down 2.6%

LUN opened at C$33.59 on Thursday. Lundin Mining has a one year low of C$13.37 and a one year high of C$45.74. The company has a market cap of C$28.68 billion, a P/E ratio of 20.11, a PEG ratio of -0.26 and a beta of 2.32. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.90 and a current ratio of 1.81. The business’s 50-day simple moving average is C$37.40 and its 200-day simple moving average is C$36.09.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, May 6th. The mining company reported C$0.43 earnings per share (EPS) for the quarter. The firm had revenue of C$1.61 billion during the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.

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.