Lundin Mining (TSE:LUN) Price Target Raised to C$17.00 at UBS Group

Lundin Mining (TSE:LUN) had its price target raised by equities researchers at UBS Group from C$16.00 to C$17.00 in a research note issued on Monday,BayStreet.CA reports. UBS Group’s target price would suggest a potential upside of 27.63% from the stock’s previous close.

Other research analysts have also issued reports about the company. Royal Bank of Canada lowered their target price on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised Lundin Mining from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Scotiabank raised Lundin Mining from a “sector perform” rating to an “outperform” rating and lowered their target price for the stock from C$18.00 to C$16.00 in a research report on Monday, August 19th. Finally, Ventum Financial raised their target price on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Lundin Mining has an average rating of “Moderate Buy” and an average price target of C$17.72.

Lundin Mining Trading Down 3.3 %

Shares of LUN stock opened at C$13.32 on Monday. The stock’s fifty day moving average price is C$14.03 and its two-hundred day moving average price is C$14.17. The company has a market cap of C$10.35 billion, a PE ratio of 47.57, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a fifty-two week low of C$9.67 and a fifty-two week high of C$17.97. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The firm had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.