Lundin Mining (TSE:LUN) Price Target Raised to C$31.00

Lundin Mining (TSE:LUN) had its price target upped by Scotiabank from C$25.00 to C$31.00 in a research note published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

LUN has been the subject of a number of other research reports. BMO Capital Markets upped their price target on Lundin Mining from C$22.00 to C$25.00 in a report on Thursday, November 6th. JPMorgan Chase & Co. reduced their target price on shares of Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. TD Securities raised their price target on shares of Lundin Mining from C$26.00 to C$28.00 and gave the company a “buy” rating in a report on Friday, November 7th. Stifel Nicolaus lifted their price target on shares of Lundin Mining from C$18.00 to C$26.00 in a research note on Tuesday, October 21st. Finally, Morgan Stanley boosted their price objective on shares of Lundin Mining from C$25.80 to C$29.60 in a report on Tuesday, December 16th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

Lundin Mining Stock Up 5.3%

Shares of TSE LUN opened at C$32.79 on Thursday. The stock has a fifty day moving average price of C$27.02 and a 200 day moving average price of C$20.47. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$33.04. The company has a market cap of C$28.01 billion, a P/E ratio of 1,093.00, a P/E/G ratio of -0.26 and a beta of 2.12.

Lundin Mining (TSE:LUN) last issued its earnings results 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 company had revenue of C$1.40 billion during 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.