Lundin Mining (TSE:LUN) Price Target Raised to C$29.60

Lundin Mining (TSE:LUN) had its price target raised by Morgan Stanley from C$25.80 to C$29.60 in a research report report published on Tuesday,BayStreet.CA reports.

Several other research analysts have also recently weighed in on LUN. Scotiabank boosted their price objective on Lundin Mining from C$23.00 to C$23.50 in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lowered their target price on Lundin Mining from C$28.00 to C$25.40 in a research note on Wednesday, December 3rd. Royal Bank Of Canada boosted their price target on shares of Lundin Mining from C$23.00 to C$29.00 in a report on Wednesday, December 10th. TD Securities increased their price target on shares of Lundin Mining from C$26.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, National Bankshares raised their price objective on shares of Lundin Mining from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$25.01.

Lundin Mining Stock Down 0.5%

Lundin Mining stock opened at C$27.82 on Tuesday. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$28.64. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The firm’s 50-day simple moving average is C$24.32 and its 200 day simple moving average is C$18.64. The stock has a market cap of C$23.81 billion, a PE ratio of 927.33, a price-to-earnings-growth ratio of -0.26 and a beta of 1.93.

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