Raymond James Financial Cuts Lundin Mining (TSE:LUN) Price Target to C$27.00

Lundin Mining (TSE:LUN) had its price target lowered by Raymond James Financial from C$30.00 to C$27.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a market perform rating on the mining company’s stock.

A number of other equities analysts also recently weighed in on the company. Ventum Financial boosted their price target on Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. JPMorgan Chase & Co. reduced their target price on Lundin Mining from C$28.00 to C$25.40 in a research note on Wednesday, December 3rd. CIBC increased their price target on Lundin Mining from C$24.00 to C$30.00 in a research note on Friday, December 12th. National Bankshares raised their price target on Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price objective on shares of Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lundin Mining currently has an average rating of “Moderate Buy” and an average price target of C$30.46.

Lundin Mining Price Performance

Shares of LUN opened at C$36.18 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The company’s fifty day simple moving average is C$29.65 and its 200 day simple moving average is C$22.32. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$37.10. The company has a market cap of C$30.91 billion, a price-to-earnings ratio of 1,206.00, a PEG 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 EPS for the quarter. The company had revenue of C$1.40 billion during the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%.

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.