Lundin Mining (TSE:LUN) Given a C$32.00 Price Target at Citigroup

Citigroup set a C$32.00 price target on Lundin Mining (TSE:LUN) in a research report sent to investors on Monday,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

Several other analysts have also recently commented on the stock. CIBC raised their price objective on shares of Lundin Mining from C$24.00 to C$30.00 in a research note on Friday. Haywood Securities downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. National Bankshares boosted their price target on Lundin Mining from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. TD Securities upped their price target on Lundin Mining from C$26.00 to C$28.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Stifel Nicolaus lifted their price objective on Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$24.29.

Lundin Mining Stock Up 1.9%

LUN opened at C$27.74 on Monday. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$28.32. The stock has a market capitalization of C$23.74 billion, a P/E ratio of 924.67, a P/E/G ratio of -0.26 and a beta of 1.93. The business has a 50 day simple moving average of C$23.93 and a 200-day simple moving average of C$18.41.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, November 5th. The mining company reported C$0.18 earnings per share (EPS) for the quarter. The firm had revenue of C$1.40 billion during the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.

About Lundin Mining

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.