Citigroup Raises Lundin Mining (TSE:LUN) Price Target to C$41.00

Lundin Mining (TSE:LUN) had its target price boosted by Citigroup from C$32.00 to C$41.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Citigroup’s price target indicates a potential upside of 14.85% from the stock’s current price.

LUN has been the topic of a number of other research reports. National Bankshares raised their target price on shares of Lundin Mining from C$30.00 to C$40.00 in a research report on Thursday, January 29th. Ventum Financial raised their price objective on Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Cormark upgraded Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Stifel Nicolaus raised their price target on Lundin Mining from C$18.00 to C$26.00 in a research note on Tuesday, October 21st. Finally, Desjardins lifted their price target on Lundin Mining from C$30.00 to C$35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Two equities 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$33.54.

Lundin Mining Price Performance

Shares of LUN traded up C$1.28 during trading hours on Wednesday, reaching C$35.70. 1,225,253 shares of the company traded hands, compared to its average volume of 2,916,920. The stock has a market capitalization of C$30.50 billion, a PE ratio of 1,190.00, a price-to-earnings-growth ratio of -0.26 and a beta of 2.08. The stock has a fifty day simple moving average of C$31.30 and a 200 day simple moving average of C$23.69. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$38.85. 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 (TSE:LUN) last released its earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share (EPS) for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%. The company 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.