Lundin Mining (TSE:LUN) Stock Price Expected to Rise, Citigroup Analyst Says

Lundin Mining (TSE:LUN) had its price objective raised by equities research analysts at Citigroup from C$32.00 to C$41.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Citigroup’s price objective suggests a potential upside of 16.44% from the company’s previous close.

A number of other research firms have also commented on LUN. Morgan Stanley increased their price target on Lundin Mining from C$25.80 to C$29.60 in a research report on Tuesday, December 16th. Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. National Bank Financial raised their price target on shares of Lundin Mining from C$30.00 to C$40.00 in a research report on Thursday, January 29th. Haywood Securities boosted their price target on shares of Lundin Mining from C$32.00 to C$42.00 in a report on Friday, January 23rd. Finally, Desjardins upped their price objective on shares of Lundin Mining from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$33.54.

Lundin Mining Price Performance

LUN stock opened at C$35.21 on Wednesday. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The business has a 50-day simple moving average of C$31.66 and a two-hundred day simple moving average of C$23.85. The company has a market capitalization of C$30.08 billion, a P/E ratio of 1,173.67, a price-to-earnings-growth ratio of -0.26 and a beta of 2.08. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$38.85.

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

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.