Lundin Mining (TSE:LUN) Price Target Raised to C$43.00

Lundin Mining (TSE:LUN) had its target price hoisted by Barclays from C$42.00 to C$43.00 in a report released on Thursday,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on LUN. ATB Cormark Capital Markets upped their price objective on shares of Lundin Mining from C$32.50 to C$40.00 and gave the stock an “outperform” rating in a report on Wednesday, June 24th. TD cut their target price on Lundin Mining from C$44.00 to C$43.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. Morgan Stanley reduced their price target on Lundin Mining from C$39.70 to C$34.90 in a research report on Thursday, April 9th. BMO Capital Markets increased their price objective on Lundin Mining from C$36.00 to C$45.00 in a report on Wednesday, April 22nd. Finally, Scotiabank raised their price objective on Lundin Mining from C$36.00 to C$42.00 and gave the company a “sector outperform” rating in a research note on Monday, June 15th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lundin Mining presently has an average rating of “Moderate Buy” and a consensus target price of C$39.69.

Lundin Mining Stock Performance

LUN stock opened at C$33.16 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 5.55. The company has a market capitalization of C$28.31 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of -0.26 and a beta of 2.32. Lundin Mining has a 12 month low of C$13.37 and a 12 month high of C$45.74. The firm has a 50 day moving average of C$37.32 and a two-hundred day moving average of C$36.07.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, May 6th. The mining company reported C$0.43 EPS for the quarter. The company had revenue of C$1.61 billion for the quarter. Lundin Mining had a net margin of 35.92% and a return on equity of 23.11%.

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.