Haywood Securities Forecasts Strong Price Appreciation for Lundin Mining (TSE:LUN) Stock

Lundin Mining (TSE:LUN) had its price objective hoisted by Haywood Securities from C$28.00 to C$32.00 in a report issued on Tuesday,BayStreet.CA reports. Haywood Securities’ target price suggests a potential upside of 15.57% from the company’s current price.

A number of other research analysts have also commented on the company. Citigroup set a C$32.00 price objective on Lundin Mining and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada upped their price target on Lundin Mining from C$23.00 to C$29.00 in a research note on Wednesday, December 10th. TD Securities lifted their price objective on Lundin Mining from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Cormark cut Lundin Mining from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, CIBC upped their target price on shares of Lundin Mining from C$24.00 to C$30.00 in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy” and a consensus price target of C$25.01.

Lundin Mining Price Performance

TSE:LUN traded down C$0.05 during mid-day trading on Tuesday, reaching C$27.69. 1,846,926 shares of the company were exchanged, compared to its average volume of 2,593,966. 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 stock has a market cap of C$23.70 billion, a PE ratio of 923.00, a PEG ratio of -0.26 and a beta of 1.93. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$28.32. The company has a fifty day moving average of C$23.93 and a 200 day moving average of C$18.41.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share (EPS) for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%. The company had revenue of C$1.40 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.