Morgan Stanley Cuts Lundin Mining (TSE:LUN) Price Target to C$34.90

Lundin Mining (TSE:LUN) had its price objective cut by Morgan Stanley from C$39.70 to C$34.90 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other research firms also recently commented on LUN. Royal Bank Of Canada upped their price objective on shares of Lundin Mining from C$29.00 to C$42.00 in a report on Thursday, March 12th. National Bank Financial upped their price objective on shares of Lundin Mining from C$40.00 to C$42.00 and gave the company a “sector perform” rating in a report on Friday, March 13th. Haywood Securities upped their price objective on shares of Lundin Mining from C$32.00 to C$42.00 in a report on Friday, January 23rd. Raymond James Financial decreased their price objective on shares of Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a report on Monday, January 26th. Finally, Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$35.84.

Lundin Mining Price Performance

TSE:LUN opened at C$39.20 on Thursday. Lundin Mining has a one year low of C$9.68 and a one year high of C$45.74. The company has a market cap of C$33.50 billion, a P/E ratio of 26.31, a P/E/G ratio of -0.26 and a beta of 2.22. The firm’s fifty day moving average price is C$35.75 and its two-hundred day moving average price is C$29.75. The company has a debt-to-equity ratio of 9.31, a current ratio of 1.64 and a quick ratio of 0.90.

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