Lundin Mining (TSE:LUN) Price Target Raised to C$42.00 at Royal Bank Of Canada

Lundin Mining (TSE:LUN) had its price objective lifted by Royal Bank Of Canada from C$29.00 to C$42.00 in a report released on Thursday morning,BayStreet.CA reports.

LUN has been the subject of a number of other reports. Scotiabank raised their target price on shares of Lundin Mining from C$25.00 to C$31.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Stifel Nicolaus raised their price objective on Lundin Mining from C$26.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Desjardins lifted their target price on Lundin Mining from C$30.00 to C$35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Haywood Securities boosted their target price on Lundin Mining from C$32.00 to C$42.00 in a research report on Friday, January 23rd. Finally, Ventum Financial upped their target price on Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy” and an average target price of C$34.98.

Lundin Mining Trading Down 2.5%

Shares of Lundin Mining stock opened at C$35.83 on Thursday. The business has a fifty day simple moving average of C$35.74 and a 200-day simple moving average of C$27.09. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$45.74. The firm has a market cap of C$30.62 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of -0.26 and a beta of 2.01. The company has a quick ratio of 0.90, a current ratio of 1.64 and a debt-to-equity ratio of 9.31.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Friday, February 20th. The mining company reported C$0.59 earnings per share for the quarter. The company had revenue of C$1.51 billion during the quarter. Lundin Mining had a net margin of 33.65% and a return on equity of 21.95%.

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.