Citigroup Analysts Give Lundin Mining (TSE:LUN) a C$32.00 Price Target

Citigroup set a C$32.00 price objective on Lundin Mining (TSE:LUN) in a report published on Monday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the mining company’s stock.

Other research analysts also recently issued research reports about the stock. Morgan Stanley lifted their price objective on shares of Lundin Mining from C$25.40 to C$25.80 in a research report on Tuesday, December 2nd. National Bankshares increased their price objective on Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. CIBC boosted their target price on Lundin Mining from C$24.00 to C$30.00 in a research note on Friday, December 12th. Stifel Nicolaus increased their price target on Lundin Mining from C$18.00 to C$26.00 in a research note on Tuesday, October 21st. Finally, Haywood Securities downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$25.01.

Lundin Mining Stock Performance

Shares of LUN stock opened at C$27.97 on Monday. The firm has a market cap of C$23.94 billion, a price-to-earnings ratio of 932.33, a PEG ratio of -0.26 and a beta of 1.93. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$28.64. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The company’s 50 day moving average is C$24.19 and its 200 day moving average is C$18.58.

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

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.