Lundin Mining (TSE:LUN) Price Target Raised to C$42.00

Lundin Mining (TSE:LUN) had its price target raised by Royal Bank Of Canada from C$29.00 to C$42.00 in a research note published on Thursday,BayStreet.CA reports.

A number of other research analysts have also weighed in on the stock. Ventum Financial lifted their price objective on shares of Lundin Mining from C$25.00 to C$32.00 in a research note on Monday, December 22nd. Raymond James Financial dropped their target price on Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research report on Monday, January 26th. Ci Capital lifted their price target on Lundin Mining from C$32.00 to C$41.00 in a research report on Wednesday, February 11th. Jefferies Financial Group boosted their price objective on Lundin Mining from C$32.00 to C$38.00 in a research note on Monday, January 12th. Finally, Scotiabank increased their price objective on Lundin Mining from C$25.00 to C$31.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$35.09.

Lundin Mining Price Performance

TSE LUN opened at C$34.42 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.64 and a debt-to-equity ratio of 9.31. The company has a market cap of C$29.42 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of -0.26 and a beta of 2.01. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$45.74. The firm’s 50-day simple moving average is C$35.83 and its two-hundred day simple moving average is C$27.30.

Lundin Mining (TSE:LUN) last posted its earnings results on Friday, February 20th. The mining company reported C$0.59 earnings per share for the quarter. The firm had revenue of C$1.51 billion during the quarter. Lundin Mining had a net margin of 33.65% and a return on equity of 21.95%.

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.