Desjardins Boosts Lundin Mining (TSE:LUN) Price Target to C$35.00

Lundin Mining (TSE:LUN) had its target price lifted by analysts at Desjardins from C$30.00 to C$35.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. Desjardins’ target price would indicate a potential downside of 0.91% from the company’s current price.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Lundin Mining from C$28.00 to C$25.40 in a report on Wednesday, December 3rd. Haywood Securities upped their price objective on shares of Lundin Mining from C$32.00 to C$42.00 in a research report on Friday. Morgan Stanley lifted their target price on Lundin Mining from C$25.80 to C$29.60 in a report on Tuesday, December 16th. National Bankshares increased their price target on Lundin Mining from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Finally, Jefferies Financial Group lifted their price objective on Lundin Mining from C$32.00 to C$38.00 in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$30.46.

Lundin Mining Trading Up 3.6%

Shares of Lundin Mining stock traded up C$1.24 during trading on Monday, reaching C$35.32. 2,035,059 shares of the company were exchanged, compared to its average volume of 2,817,287. The business has a 50-day moving average price of C$29.03 and a 200-day moving average price of C$21.92. The firm has a market capitalization of C$30.18 billion, a price-to-earnings ratio of 1,177.33, a P/E/G ratio of -0.26 and a beta of 2.12. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$37.10.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share (EPS) for the quarter. The firm 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%.

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.