Lundin Mining (TSE:LUN) Price Target Raised to C$45.00 at TD Securities

Lundin Mining (TSE:LUN) had its price objective increased by TD Securities from C$42.00 to C$45.00 in a report published on Monday,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

Several other research firms have also recently issued reports on LUN. Desjardins lifted their price objective on shares of Lundin Mining from C$30.00 to C$35.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Morgan Stanley upped their target price on shares of Lundin Mining from C$25.80 to C$29.60 in a research report on Tuesday, December 16th. Ventum Financial lifted their price target on shares of Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Royal Bank Of Canada boosted their price target on shares of Lundin Mining from C$23.00 to C$29.00 in a research note on Wednesday, December 10th. Finally, Citigroup increased their price objective on shares of Lundin Mining from C$32.00 to C$41.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and a consensus price target of C$33.71.

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at C$41.63 on Monday. The company has a market capitalization of C$35.57 billion, a price-to-earnings ratio of 1,387.67, a PEG ratio of -0.26 and a beta of 2.08. 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 stock’s 50-day simple moving average is C$33.07 and its 200-day simple moving average is C$25.09. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$41.84.

Lundin Mining (TSE:LUN) last released its earnings results on Thursday, February 19th. The mining company reported C$0.59 earnings per share (EPS) for the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.The firm had revenue of C$1.51 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.