Lundin Mining (TSE:LUN) PT Set at C$42.00 by Barclays

Lundin Mining (TSE:LUN) has been given a C$42.00 price objective by investment analysts at Barclays in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “equal weight” rating on the mining company’s stock. Barclays‘s price target would indicate a potential upside of 10.99% from the company’s current price.

LUN has been the topic of a number of other research reports. BMO Capital Markets boosted their price target on Lundin Mining from C$36.00 to C$45.00 in a report on Wednesday, April 22nd. Raymond James Financial reduced their price target on Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a report on Monday, January 26th. TD reduced their price target on Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Ci Capital boosted their price target on Lundin Mining from C$32.00 to C$41.00 in a report on Wednesday, February 11th. Finally, TD Securities boosted their price target on Lundin Mining from C$42.00 to C$45.00 and gave the company a “buy” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy” and an average target price of C$38.49.

Lundin Mining Trading Up 0.0%

Shares of TSE LUN traded up C$0.01 during midday trading on Friday, reaching C$37.84. The company had a trading volume of 639,136 shares, compared to its average volume of 2,948,118. Lundin Mining has a one year low of C$12.40 and a one year high of C$45.74. 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 firm’s fifty day moving average price is C$36.27 and its 200-day moving average price is C$33.03. The stock has a market cap of C$32.38 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of -0.26 and a beta of 2.25.

Lundin Mining (TSE:LUN) last released its earnings results on Wednesday, May 6th. 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$1.61 billion during 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.