Lundin Mining (TSE:LUN) Given a C$13.00 Price Target by Stifel Nicolaus Analysts

Lundin Mining (TSE:LUN – Get Rating) has been assigned a C$13.00 price objective by investment analysts at Stifel Nicolaus in a report issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 22.30% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. CIBC raised their target price on shares of Lundin Mining from C$9.50 to C$10.00 in a research note on Thursday, May 4th. Raymond James raised their target price on shares of Lundin Mining from C$10.00 to C$11.00 and gave the stock a “market perform” rating in a research note on Monday, April 24th. Royal Bank of Canada lifted their price objective on shares of Lundin Mining from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Friday, May 5th. TD Securities lifted their price objective on shares of Lundin Mining from C$8.50 to C$9.50 and gave the stock a “hold” rating in a research note on Wednesday, March 1st. Finally, National Bankshares lifted their price objective on shares of Lundin Mining from C$8.75 to C$10.50 and gave the stock a “sector perform” rating in a research note on Tuesday, April 18th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$13.76.

Lundin Mining Stock Performance

Shares of LUN opened at C$10.63 on Friday. The firm has a 50-day moving average of C$9.60 and a 200-day moving average of C$9.00. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.28 and a quick ratio of 0.90. The company has a market cap of C$8.21 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of -0.26 and a beta of 1.70. Lundin Mining has a one year low of C$6.24 and a one year high of C$11.49.

Lundin Mining (TSE:LUN – Get Rating) last posted its earnings results on Wednesday, February 22nd. The mining company reported C$0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.22. The company had revenue of C$1.10 billion for the quarter. As a group, equities analysts forecast that Lundin Mining will post 0.7357955 earnings per share for the current year.

Lundin Mining Company Profile

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Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.