Lundin Mining (TSE:LUN) Given New C$35.80 Price Target at The Goldman Sachs Group

Lundin Mining (TSE:LUN) had its target price raised by The Goldman Sachs Group from C$23.90 to C$35.80 in a report released on Tuesday,BayStreet.CA reports. The Goldman Sachs Group’s target price points to a potential upside of 6.90% from the stock’s current price.

Several other research firms have also recently issued reports on LUN. BMO Capital Markets boosted their price objective on shares of Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Scotiabank boosted their price target on Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Stifel Nicolaus raised their price objective on Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. TD Securities upped their target price on Lundin Mining from C$26.00 to C$28.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, National Bankshares raised their price target on Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.34.

Lundin Mining Price Performance

Shares of TSE LUN traded down C$0.25 during mid-day trading on Tuesday, hitting C$33.49. 1,036,714 shares of the company’s stock traded hands, compared to its average volume of 2,313,365. 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 1 year low of C$8.94 and a 1 year high of C$34.13. The company’s 50-day moving average is C$27.25 and its two-hundred day moving average is C$20.65. The company has a market capitalization of C$28.61 billion, a P/E ratio of 1,116.33, a PEG ratio of -0.26 and a beta of 2.12.

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

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.