Ci Capital Forecasts Strong Price Appreciation for Lundin Mining (TSE:LUN) Stock

Lundin Mining (TSE:LUN) had its price objective raised by stock analysts at Ci Capital from C$32.00 to C$41.00 in a report released on Wednesday,BayStreet.CA reports. Ci Capital’s price target indicates a potential upside of 16.44% from the stock’s previous close.

Several other analysts also recently weighed in on LUN. Morgan Stanley upped their price objective on Lundin Mining from C$25.80 to C$29.60 in a research report on Tuesday, December 16th. Desjardins boosted their target price on Lundin Mining from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. The Goldman Sachs Group raised their price target on shares of Lundin Mining from C$23.90 to C$35.80 in a research note on Tuesday, January 13th. Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Finally, Ventum Financial upped their price objective on shares of Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. Two investment 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. According to data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy” and an average price target of C$33.54.

Lundin Mining Stock Performance

TSE LUN opened at C$35.21 on Wednesday. The firm’s 50 day simple moving average is C$31.66 and its 200 day simple moving average is C$23.85. The firm has a market capitalization of C$30.08 billion, a price-to-earnings ratio of 1,173.67, a P/E/G ratio of -0.26 and a beta of 2.08. 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$38.85.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, November 5th. The mining company reported C$0.18 EPS for the quarter. The business had revenue of C$1.40 billion during 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.