Lundin Mining (TSE:LUN) Given New C$42.00 Price Target at Scotiabank

Lundin Mining (TSE:LUN – Get Free Report) had its price target increased by equities research analysts at Scotiabank from C$36.00 to C$42.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the mining company’s stock. Scotiabank’s price objective indicates a potential upside of 6.19% from the stock’s previous close.

LUN has been the topic of several other reports. BMO Capital Markets raised their target price on Lundin Mining from C$36.00 to C$45.00 in a report on Wednesday, April 22nd. TD dropped their target price on Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating on the stock in a report on Friday, April 10th. 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 dropped their target price on Lundin Mining from C$39.70 to C$34.90 in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. lowered Lundin Mining from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from C$32.90 to C$28.20 in a report on Monday, March 9th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining presently has an average rating of “Hold” and a consensus target price of C$39.73.

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Lundin Mining Stock Performance

Lundin Mining stock traded up C$1.69 during midday trading on Monday, hitting C$39.55. 1,237,629 shares of the company were exchanged, compared to its average volume of 2,875,635. The firm has a market capitalization of C$33.83 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of -0.26 and a beta of 2.24. Lundin Mining has a fifty-two week low of C$13.37 and a fifty-two week high of C$45.74. The business has a fifty day simple moving average of C$38.35 and a two-hundred day simple moving average of C$34.72. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.90 and a current ratio of 1.81.

Lundin Mining (TSE:LUN – Get Free Report) last posted its earnings results on Wednesday, May 6th. The mining company reported C$0.43 EPS for the quarter. The firm 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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