BMO Capital Markets Raises Lundin Mining (TSE:LUN) Price Target to C$45.00

Lundin Mining (TSE:LUN) had its target price upped by investment analysts at BMO Capital Markets from C$36.00 to C$45.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 19.90% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Lundin Mining from C$26.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. TD decreased their price target on Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating for the company in a research report on Friday, April 10th. The Goldman Sachs Group lifted their price target on Lundin Mining from C$23.90 to C$35.80 in a report on Tuesday, January 13th. Ci Capital boosted their price objective on Lundin Mining from C$32.00 to C$41.00 in a research report on Wednesday, February 11th. Finally, TD Securities upped their price objective on Lundin Mining from C$42.00 to C$45.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. One equities research analyst has 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$36.97.

Lundin Mining Stock Performance

Shares of LUN stock opened at C$37.53 on Wednesday. The firm has a 50-day moving average of C$36.65 and a 200-day moving average of C$30.88. The company has a market cap of C$32.08 billion, a P/E ratio of 25.19, a P/E/G ratio of -0.26 and a beta of 2.22. 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 has a one year low of C$11.04 and a one year high of C$45.74.

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