Lundin Mining (TSE:LUN) Price Target Lowered to C$43.00 at TD

Lundin Mining (TSE:LUN – Get Free Report) had its price objective reduced by equities researchers at TD from C$44.00 to C$43.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. TD’s target price would suggest a potential upside of 21.95% from the company’s current price.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group raised their target price on Lundin Mining from C$40.80 to C$48.20 in a report on Friday, June 5th. Morgan Stanley decreased their price target on Lundin Mining from C$39.70 to C$34.90 in a report on Thursday, April 9th. Dnb Carnegie raised shares of Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. Barclays set a C$42.00 price objective on shares of Lundin Mining and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Finally, BMO Capital Markets boosted their target price on shares of Lundin Mining from C$36.00 to C$45.00 in a research report on Wednesday, April 22nd. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$39.64.

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Lundin Mining Stock Up 4.1%

TSE LUN traded up C$1.39 during trading hours on Tuesday, hitting C$35.26. The company had a trading volume of 688,932 shares, compared to its average volume of 2,831,327. Lundin Mining has a fifty-two week low of C$13.37 and a fifty-two week high of C$45.74. The company has a market capitalization of C$30.10 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of -0.26 and a beta of 2.32. The company has a debt-to-equity ratio of 5.55, a current ratio of 1.81 and a quick ratio of 0.90. The firm’s 50 day moving average is C$37.46 and its 200 day moving average is C$35.98.

Lundin Mining (TSE:LUN – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The mining company reported C$0.43 EPS for the quarter. The company had revenue of C$1.61 billion for the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.

About Lundin Mining

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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.

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