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

Lundin Mining (TSE:LUN) had its target price upped by stock analysts at Haywood Securities from C$32.00 to C$42.00 in a research note issued to investors on Friday,BayStreet.CA reports. Haywood Securities’ price target indicates a potential upside of 23.78% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Lundin Mining from C$28.00 to C$25.40 in a report on Wednesday, December 3rd. Ventum Financial upped their price target on shares of Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. Jefferies Financial Group lifted their price objective on Lundin Mining from C$32.00 to C$38.00 in a research report on Monday, January 12th. Citigroup set a C$32.00 price objective on Lundin Mining and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, TD Securities raised their target price on Lundin Mining from C$28.00 to C$42.00 in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$28.75.

Lundin Mining Price Performance

TSE:LUN traded up C$1.26 during trading hours on Friday, reaching C$33.93. 2,419,216 shares of the company were exchanged, compared to its average volume of 2,767,084. The business has a 50 day moving average of C$28.87 and a 200 day moving average of C$21.68. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$37.10. 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 company has a market capitalization of C$28.99 billion, a P/E ratio of 1,131.00, a P/E/G ratio of -0.26 and a beta of 2.12.

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

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.