Desjardins Cuts Lundin Mining (TSE:LUN) Price Target to C$42.00

Lundin Mining (TSE:LUN – Free Report) had its price target decreased by Desjardins from C$44.00 to C$42.00 in a report published on Thursday,BayStreet.CA reports. Desjardins currently has a buy rating on the mining company’s stock.

Several other research firms have also recently issued reports on LUN. ATB Cormark Capital Markets increased their price target on Lundin Mining from C$32.50 to C$40.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Canaccord Genuity Group cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. BMO Capital Markets upped their price objective on shares of Lundin Mining from C$36.00 to C$45.00 in a report on Wednesday, April 22nd. The Goldman Sachs Group increased their target price on shares of Lundin Mining from C$40.80 to C$48.20 in a research report on Friday, June 5th. Finally, Scotiabank raised their target price on shares of Lundin Mining from C$36.00 to C$42.00 and gave the company a “sector outperform” rating in a research note on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$39.64.

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Lundin Mining Stock Performance

Shares of TSE LUN opened at C$38.07 on Thursday. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 2.88. The stock has a 50 day simple moving average of C$35.68 and a 200-day simple moving average of C$36.60. The company has a market cap of C$32.41 billion, a PE ratio of 21.75, a P/E/G ratio of -0.26 and a beta of 2.30. Lundin Mining has a 12-month low of C$15.21 and a 12-month high of C$45.74.

Lundin Mining (TSE:LUN – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The mining company reported C$0.43 earnings per share (EPS) for the quarter. The business had revenue of C$1.72 billion during the quarter. Lundin Mining had a return on equity of 22.97% and a net margin of 35.11%.

Lundin Mining Company Profile

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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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