Lundin Mining (TSE:LUN) Price Target Raised to C$42.00

Lundin Mining (TSE:LUN) had its price target boosted by research analysts at TD Securities from C$28.00 to C$42.00 in a research note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 28.87% from the stock’s previous close.

Other research analysts have also issued reports about the company. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Stifel Nicolaus increased their price target on shares of Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. JPMorgan Chase & Co. reduced their price target on shares of Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. Jefferies Financial Group upped their price objective on shares of Lundin Mining from C$32.00 to C$38.00 in a report on Monday, January 12th. Finally, CIBC increased their price objective on shares of Lundin Mining from C$24.00 to C$30.00 in a research note on Friday, December 12th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six 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$28.16.

Lundin Mining Stock Performance

TSE:LUN traded down C$4.08 during trading hours on Thursday, hitting C$32.59. 4,352,396 shares of the company were exchanged, compared to its average volume of 2,643,681. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$37.10. The stock has a market capitalization of C$27.84 billion, a price-to-earnings ratio of 1,086.33, a PEG ratio of -0.26 and a beta of 2.12. The company’s 50 day moving average price is C$28.71 and its 200-day moving average price is C$21.60.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data 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 business had revenue of C$1.40 billion during the quarter.

Lundin Mining Company Profile

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.