Lundin Mining (TSE:LUN) Given New C$40.00 Price Target at Stifel Nicolaus

Lundin Mining (TSE:LUN) had its target price raised by Stifel Nicolaus from C$26.00 to C$40.00 in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.

Several other research firms have also recently weighed in on LUN. TD Securities upped their price target on shares of Lundin Mining from C$28.00 to C$42.00 in a report on Thursday, January 22nd. Haywood Securities upped their target price on Lundin Mining from C$32.00 to C$42.00 in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce lifted their price target on Lundin Mining from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Desjardins raised their target price on shares of Lundin Mining from C$30.00 to C$35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Scotiabank increased their price target on shares of Lundin Mining from C$25.00 to C$31.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Lundin Mining has an average rating of “Moderate Buy” and a consensus target price of C$33.54.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$36.01 on Wednesday. The company has a 50 day moving average of C$31.48 and a 200 day moving average of C$23.77. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The stock has a market cap of C$30.77 billion, a P/E ratio of 1,200.33, a P/E/G ratio of -0.26 and a beta of 2.08. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$38.85.

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