TD Has Lowered Expectations for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its target price decreased by TD from C$45.00 to C$44.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. TD’s price target points to a potential upside of 12.24% from the stock’s current price.

LUN has been the subject of several other research reports. Morgan Stanley lowered their price objective on shares of Lundin Mining from C$39.70 to C$34.90 in a research note on Thursday. Raymond James Financial lowered their price objective on shares of Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research note on Monday, January 26th. Cormark upgraded shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Royal Bank Of Canada lifted their price objective on shares of Lundin Mining from C$29.00 to C$42.00 in a research note on Thursday, March 12th. Finally, Haywood Securities lifted their price objective on shares of Lundin Mining from C$32.00 to C$42.00 in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy” and an average price target of C$35.84.

Lundin Mining Stock Performance

TSE:LUN opened at C$39.20 on Friday. The company has a fifty day moving average of C$35.75 and a 200-day moving average of C$29.75. The firm has a market capitalization 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 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 has a twelve month low of C$9.68 and a twelve month high of C$45.74.

Lundin Mining (TSE:LUN) last released its quarterly earnings data 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%.

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.