Lundin Mining (TSE:LUN) Given New C$41.00 Price Target at Ci Capital

Lundin Mining (TSE:LUN) had its target price upped by Ci Capital from C$32.00 to C$41.00 in a report issued on Wednesday morning,BayStreet.CA reports.

A number of other brokerages have also commented on LUN. TD Securities increased their target price on shares of Lundin Mining from C$28.00 to C$42.00 in a report on Thursday, January 22nd. Ventum Financial boosted their price target on shares of Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. The Goldman Sachs Group raised their price objective on Lundin Mining from C$23.90 to C$35.80 in a report on Tuesday, January 13th. Citigroup set a C$32.00 target price on Lundin Mining and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Stifel Nicolaus increased their price target on Lundin Mining from C$18.00 to C$26.00 in a research report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Lundin Mining currently has an average rating of “Moderate Buy” and a consensus price target of C$33.54.

Lundin Mining Stock Up 4.6%

LUN stock opened at C$36.01 on Wednesday. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The stock has a market capitalization of C$30.77 billion, a P/E ratio of 1,200.33, a P/E/G ratio of -0.26 and a beta of 2.08. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$38.85. The business has a 50-day moving average of C$31.48 and a 200-day moving average of C$23.77.

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