The Goldman Sachs Group Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price objective boosted by The Goldman Sachs Group from C$40.80 to C$48.20 in a research report sent to investors on Friday morning,BayStreet.CA reports.

A number of other research analysts have also recently commented on LUN. TD reduced their target price on shares of Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Desjardins boosted their target price on shares of Lundin Mining from C$35.00 to C$42.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. BMO Capital Markets boosted their target price on shares of Lundin Mining from C$36.00 to C$45.00 in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. cut shares of Lundin Mining from a “neutral” rating to an “underweight” rating and cut their price target for the company from C$32.90 to C$28.20 in a report on Monday, March 9th. Finally, Royal Bank Of Canada upped their price target on shares of Lundin Mining from C$29.00 to C$42.00 in a report on Thursday, March 12th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lundin Mining presently has an average rating of “Hold” and an average price target of C$39.15.

Lundin Mining Trading Down 12.6%

TSE LUN opened at C$37.22 on Friday. The company’s fifty day simple moving average is C$37.92 and its 200-day simple moving average is C$34.23. Lundin Mining has a 52 week low of C$13.37 and a 52 week high of C$45.74. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 5.55. The stock has a market cap of C$31.84 billion, a P/E ratio of 22.29, a PEG ratio of -0.26 and a beta of 2.24.

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

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.