Stifel Nicolaus Increases Lundin Mining (TSE:LUN) Price Target to C$40.00

Lundin Mining (TSE:LUN) had its price target raised by stock analysts at Stifel Nicolaus from C$26.00 to C$40.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ price target points to a potential upside of 13.60% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Raymond James Financial decreased their target price on shares of Lundin Mining from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research report on Monday, January 26th. Ci Capital upped their price target on shares of Lundin Mining from C$32.00 to C$41.00 in a research report on Wednesday. Desjardins lifted their price objective 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. National Bank Financial boosted their target price on Lundin Mining from C$30.00 to C$40.00 in a research note on Thursday, January 29th. Finally, Cormark upgraded 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, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining currently has an average rating of “Moderate Buy” and a consensus price target of C$33.54.

Lundin Mining Stock Down 2.2%

Shares of LUN opened at C$35.21 on Wednesday. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$38.85. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The stock has a 50 day simple moving average of C$31.66 and a two-hundred day simple moving average of C$23.85. The firm has a market cap of C$30.08 billion, a P/E ratio of 1,173.67, a P/E/G ratio of -0.26 and a beta of 2.08.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Wednesday, November 5th. The mining company reported C$0.18 EPS for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%. The firm had revenue of C$1.40 billion for the quarter.

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.