Lundin Mining (TSE:LUN) Price Target Raised to C$32.00 at Ventum Financial

Lundin Mining (TSE:LUN) had its price objective boosted by Ventum Financial from C$25.00 to C$32.00 in a research note released on Monday morning,BayStreet.CA reports.

LUN has been the topic of a number of other reports. National Bankshares increased their price objective on shares of Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. CIBC increased their target price on Lundin Mining from C$24.00 to C$30.00 in a research report on Friday, December 12th. Stifel Nicolaus boosted their price target on Lundin Mining from C$18.00 to C$26.00 in a research report on Tuesday, October 21st. Cormark cut Lundin Mining from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Jefferies Financial Group lifted their target price on Lundin Mining from C$28.00 to C$32.00 in a research note on Monday, December 8th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.42.

Lundin Mining Stock Performance

LUN stock opened at C$29.30 on Monday. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$29.33. The business has a 50-day moving average price of C$24.63 and a 200 day moving average price of C$18.92. The company has a market capitalization of C$25.07 billion, a P/E ratio of 976.67, a PEG ratio of -0.26 and a beta of 1.93. 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 (TSE:LUN) last issued its earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share (EPS) for the quarter. The company had revenue of C$1.40 billion for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%.

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.