Lundin Mining (TSE:LUN) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Lundin Mining (TSE:LUN) had its price target upped by investment analysts at The Goldman Sachs Group from C$40.80 to C$48.20 in a research note issued on Friday,BayStreet.CA reports. The Goldman Sachs Group’s price target suggests a potential upside of 28.06% from the stock’s current price.

Several other equities research analysts also recently commented on LUN. Stifel Nicolaus boosted their target price on Lundin Mining from C$26.00 to C$40.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. BMO Capital Markets boosted their target price on Lundin Mining from C$36.00 to C$45.00 in a report on Wednesday, April 22nd. Citigroup boosted their target price on Lundin Mining from C$32.00 to C$41.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. TD dropped their target price 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. Finally, National Bank Financial boosted their price target on Lundin Mining from C$42.00 to C$43.50 and gave the stock a “sector perform” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$39.15.

Lundin Mining Stock Down 11.6%

Lundin Mining stock traded down C$4.95 during mid-day trading on Friday, hitting C$37.64. The company had a trading volume of 2,329,739 shares, compared to its average volume of 2,870,839. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 5.55. The stock’s 50 day moving average price is C$37.84 and its two-hundred day moving average price is C$34.21. Lundin Mining has a 12 month low of C$13.37 and a 12 month high of C$45.74. The company has a market capitalization of C$32.20 billion, a PE ratio of 22.54, 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 EPS for the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.The business had revenue of C$1.61 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.