Barclays Forecasts Strong Price Appreciation for Lundin Mining (TSE:LUN) Stock

Lundin Mining (TSE:LUN) had its price objective upped by stock analysts at Barclays from C$42.00 to C$43.00 in a report released on Thursday,BayStreet.CA reports. Barclays‘s price target indicates a potential upside of 29.67% from the company’s current price.

A number of other analysts have also recently commented on LUN. Dnb Carnegie upgraded shares of Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. BMO Capital Markets lifted their target price on Lundin Mining from C$36.00 to C$45.00 in a report on Wednesday, April 22nd. TD decreased their target price on Lundin Mining from C$44.00 to C$43.00 and set a “buy” rating for the company in a research note on Tuesday. The Goldman Sachs Group increased their price target on Lundin Mining from C$40.80 to C$48.20 in a report on Friday, June 5th. Finally, Scotiabank raised their price target on Lundin Mining from C$36.00 to C$42.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$39.69.

Lundin Mining Stock Down 1.3%

Shares of TSE LUN opened at C$33.16 on Thursday. Lundin Mining has a 52-week low of C$13.37 and a 52-week high of C$45.74. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a market cap of C$28.31 billion, a P/E ratio of 19.86, a P/E/G ratio of -0.26 and a beta of 2.32. The firm has a 50 day moving average price of C$37.32 and a 200 day moving average price of C$36.07.

Lundin Mining (TSE:LUN) last posted its earnings results on Wednesday, May 6th. The mining company reported C$0.43 earnings per share for the quarter. The company had revenue of C$1.61 billion for the quarter. Lundin Mining had a net margin of 35.92% and a return on equity of 23.11%.

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.