Jefferies Financial Group Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price objective lifted by Jefferies Financial Group from C$32.00 to C$38.00 in a report released on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 12.26% from the company’s current price.

A number of other brokerages have also issued reports on LUN. Citigroup set a C$32.00 price target on shares of Lundin Mining and gave the stock a “buy” rating in a report on Monday, December 15th. CIBC increased their target price on shares of Lundin Mining from C$24.00 to C$30.00 in a report on Friday, December 12th. TD Securities raised their target price on Lundin Mining from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Finally, National Bankshares increased their price objective 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. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$26.21.

Lundin Mining Trading Up 3.2%

Shares of TSE LUN traded up C$1.06 during midday trading on Monday, reaching C$33.85. The company had a trading volume of 1,304,599 shares, compared to its average volume of 2,275,613. The firm’s fifty day moving average price is C$27.02 and its 200-day moving average price is C$20.52. 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 one year low of C$8.94 and a one year high of C$34.04. The stock has a market cap of C$28.92 billion, a PE ratio of 1,128.33, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, November 5th. The mining company reported C$0.18 earnings per share 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 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.