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

Lundin Mining (TSE:LUN) had its target price increased by Stifel Nicolaus from C$40.00 to C$42.00 in a research note published on Tuesday morning,BayStreet reports. The firm currently has a buy rating on the mining company’s stock.

Several other research firms have also recently weighed in on LUN. Canaccord Genuity Group cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. ATB Cormark Capital Markets decreased their price target on Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating on the stock in a research note on Monday, August 24th. National Bank Financial lowered their price target on Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Barclays boosted their price target on Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th. Finally, Desjardins dropped their price objective on Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Eight research 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’s stock. According to data from MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy” and an average price target of C$39.81.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$29.51 on Tuesday. The firm has a 50 day moving average of C$34.91 and a 200-day moving average of C$36.34. Lundin Mining has a 12 month low of C$20.35 and a 12 month high of C$45.74. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 2.88. The stock has a market capitalization of C$25.12 billion, a PE ratio of 16.86, a PEG ratio of -0.26 and a beta of 2.36.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Wednesday, August 5th. The mining company reported C$0.43 earnings per share (EPS) for the quarter. The business had revenue of C$1.72 billion for the quarter. Lundin Mining had a net margin of 35.11% and a return on equity of 22.97%.

About Lundin Mining

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world’s largest copper, gold, and silver projects in the Vicuna District on the border of Argentina and Chile, where we hold a 50% interest.