Desjardins Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its target price increased by Desjardins from C$35.00 to C$42.00 in a report published on Thursday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the mining company’s stock.

LUN has been the topic of several other research reports. Canadian Imperial Bank of Commerce boosted their target price on shares of Lundin Mining from C$30.00 to C$37.00 in a research note on Wednesday, February 4th. JPMorgan Chase & Co. downgraded shares of Lundin Mining from a “neutral” rating to an “underweight” rating and cut their price target for the company from C$32.90 to C$28.20 in a report on Monday. Stifel Nicolaus boosted their price target on shares of Lundin Mining from C$26.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Finally, Royal Bank Of Canada raised their price objective on shares of Lundin Mining from C$29.00 to C$42.00 in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$34.98.

Lundin Mining Stock Down 2.5%

TSE LUN opened at C$35.83 on Thursday. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$45.74. The company has a market capitalization of C$30.62 billion, a price-to-earnings ratio of 24.05, a PEG ratio of -0.26 and a beta of 2.01. The stock’s 50 day moving average is C$35.74 and its two-hundred day moving average is C$27.09. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 9.31.

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

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.