Lundin Mining (TSE:LUN) Price Target Raised to C$31.00 at Scotiabank

Lundin Mining (TSE:LUN) had its price objective boosted by Scotiabank from C$25.00 to C$31.00 in a report published on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

Other analysts have also recently issued research reports about the company. Ventum Financial raised their price objective on Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. National Bankshares increased their price target on 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. JPMorgan Chase & Co. lowered their price target on Lundin Mining from C$28.00 to C$25.40 in a report on Wednesday, December 3rd. Morgan Stanley boosted their price target on Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday, December 16th. Finally, BMO Capital Markets increased their price objective on shares of Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$25.86.

Lundin Mining Stock Up 0.1%

Shares of Lundin Mining stock opened at C$31.15 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The company has a market cap of C$26.61 billion, a P/E ratio of 1,038.33, a PEG ratio of -0.26 and a beta of 2.12. The firm’s 50 day moving average price is C$26.82 and its 200-day moving average price is C$20.29. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$32.34.

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

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.