Lundin Mining (TSE:LUN) Price Target Lowered to C$42.00 at TD

Lundin Mining (TSE:LUN) had its price objective cut by TD from C$43.00 to C$42.00 in a report issued on Friday morning,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

A number of other research firms also recently weighed in on LUN. Barclays lifted their price target on Lundin Mining from C$42.00 to C$43.00 in a research note on Thursday, July 16th. The Goldman Sachs Group increased their price objective on Lundin Mining from C$40.80 to C$48.20 in a research report on Friday, June 5th. Morgan Stanley decreased their target price on shares of Lundin Mining from C$39.70 to C$34.90 in a research report on Thursday, April 9th. ATB Cormark Capital Markets boosted their target price on shares of Lundin Mining from C$32.50 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Finally, Dnb Carnegie raised shares of Lundin Mining to a “hold” rating in a research note on Friday, July 3rd. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$39.64.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$37.66 on Friday. 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 cap of C$32.15 billion, a P/E ratio of 22.55, a PEG ratio of -0.26 and a beta of 2.30. Lundin Mining has a 52 week low of C$14.88 and a 52 week high of C$45.74. The company has a 50-day moving average price of C$36.30 and a 200 day moving average price of C$36.53.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, August 5th. The mining company reported C$0.43 earnings per share for the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.The company had revenue of C$1.72 billion for 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.