Desjardins Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price objective raised by Desjardins from C$30.00 to C$35.00 in a research report report published on Monday,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

LUN has been the subject of several other reports. The Goldman Sachs Group raised their target price on shares of Lundin Mining from C$23.90 to C$35.80 in a research note on Tuesday, January 13th. TD Securities lifted their price objective on shares of Lundin Mining from C$28.00 to C$42.00 in a research report on Thursday, January 22nd. Citigroup set a C$32.00 target price on shares of Lundin Mining and gave the company a “buy” rating in a report on Monday, December 15th. JPMorgan Chase & Co. reduced their price target on Lundin Mining from C$28.00 to C$25.40 in a report on Wednesday, December 3rd. Finally, Haywood Securities boosted their price target on Lundin Mining from C$32.00 to C$42.00 in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.46.

Lundin Mining Stock Up 3.6%

Shares of LUN stock opened at C$35.29 on Monday. The firm’s fifty day moving average price is C$29.23 and its two-hundred day moving average price is C$22.07. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$37.10. The firm has a market capitalization of C$30.15 billion, a P/E ratio of 1,176.33, a PEG ratio of -0.26 and a beta of 2.12.

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

Lundin Mining Company Profile

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.