Lundin Mining (TSE:LUN) Price Target Raised to C$17.00

Lundin Mining (TSE:LUN) had its price objective hoisted by equities research analysts at UBS Group from C$16.00 to C$17.00 in a report issued on Monday,BayStreet.CA reports. UBS Group’s price target would indicate a potential upside of 23.55% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Scotiabank upgraded Lundin Mining from a “sector perform” rating to an “outperform” rating and decreased their price objective for the company from C$18.00 to C$16.00 in a report on Monday, August 19th. Ventum Financial increased their price target on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. JPMorgan Chase & Co. raised Lundin Mining from a “neutral” rating to an “overweight” rating and reduced their price target for the company from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada cut their price objective on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Lundin Mining presently has an average rating of “Moderate Buy” and an average target price of C$17.91.

Lundin Mining Trading Up 0.1 %

TSE LUN traded up C$0.02 during trading hours on Monday, hitting C$13.76. The company’s stock had a trading volume of 1,631,393 shares, compared to its average volume of 2,337,740. The stock has a fifty day moving average of C$14.06 and a 200 day moving average of C$14.20. Lundin Mining has a twelve month low of C$9.67 and a twelve month high of C$17.97. The firm has a market capitalization of C$10.69 billion, a P/E ratio of 49.18, a PEG ratio of -0.26 and a beta of 1.66. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. The business had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.