Lundin Mining (TSE:LUN) Given New C$27.00 Price Target at Raymond James Financial

Lundin Mining (TSE:LUN) had its target price trimmed by Raymond James Financial from C$30.00 to C$27.00 in a report published on Monday morning,BayStreet.CA reports. They currently have a market perform rating on the mining company’s stock.

Other equities research analysts have also recently issued reports about the stock. Haywood Securities increased their price objective on shares of Lundin Mining from C$32.00 to C$42.00 in a research report on Friday. Citigroup set a C$32.00 price target on Lundin Mining and gave the stock a “buy” rating in a report on Monday, December 15th. Ventum Financial lifted their price objective on Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. TD Securities lifted their target price on Lundin Mining from C$28.00 to C$42.00 in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group boosted their price target on Lundin Mining from C$23.90 to C$35.80 in a research note on Tuesday, January 13th. 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 MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and an average price target of C$30.46.

Lundin Mining Price Performance

Shares of LUN opened at C$35.29 on Monday. The business has a 50-day moving average of C$29.23 and a 200-day moving average of C$22.07. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The company has a market capitalization of C$30.15 billion, a price-to-earnings ratio of 1,176.33, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$37.10.

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