Barclays Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price target increased by research analysts at Barclays from C$42.00 to C$43.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Barclays‘s price target would suggest a potential upside of 28.32% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on LUN. ATB Cormark Capital Markets boosted their target price on shares of Lundin Mining from C$32.50 to C$40.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Scotiabank increased their price target on shares of Lundin Mining from C$36.00 to C$42.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 15th. BMO Capital Markets lifted their price target on shares of Lundin Mining from C$36.00 to C$45.00 in a report on Wednesday, April 22nd. The Goldman Sachs Group boosted their price objective on shares of Lundin Mining from C$40.80 to C$48.20 in a research note on Friday, June 5th. Finally, TD cut their target price on Lundin Mining from C$44.00 to C$43.00 and set a “buy” rating on the stock in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$39.69.

Lundin Mining Trading Down 2.8%

Shares of LUN stock traded down C$0.96 during mid-day trading on Thursday, hitting C$33.51. 809,405 shares of the company’s stock were exchanged, compared to its average volume of 2,811,581. Lundin Mining has a fifty-two week low of C$13.37 and a fifty-two week high of C$45.74. The stock has a 50-day simple moving average of C$37.45 and a two-hundred day simple moving average of C$36.06. 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 stock has a market cap of C$28.61 billion, a price-to-earnings ratio of 20.07, a PEG ratio of -0.26 and a beta of 2.32.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data 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 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.