Jefferies Financial Group Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price target raised by research analysts at Jefferies Financial Group from C$28.00 to C$32.00 in a report released on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential upside of 25.05% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Morgan Stanley lifted their price target on shares of Lundin Mining from C$25.40 to C$25.80 in a report on Tuesday, December 2nd. Royal Bank Of Canada upped their target price on Lundin Mining from C$16.00 to C$18.00 in a research report on Wednesday, September 10th. Stifel Nicolaus raised their price target on Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. Cormark lowered Lundin Mining from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, BMO Capital Markets increased their price objective on shares of Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$22.52.

Lundin Mining Trading Down 0.7%

LUN stock traded down C$0.18 during mid-day trading on Monday, reaching C$25.59. The company had a trading volume of 1,183,379 shares, compared to its average volume of 2,581,724. The company has a market capitalization of C$21.90 billion, a PE ratio of 853.00, a price-to-earnings-growth ratio of -0.26 and a beta of 1.93. The firm has a 50 day moving average of C$23.22 and a 200 day moving average of C$17.84. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$27.01. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

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

About Lundin Mining

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.