Lundin Mining (TSE:LUN) Price Target Lowered to C$44.00 at TD

Lundin Mining (TSE:LUN) had its target price cut by TD from C$45.00 to C$44.00 in a research note published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group boosted their target price on Lundin Mining from C$32.00 to C$38.00 in a research note on Monday, January 12th. Citigroup raised their price target on Lundin Mining from C$32.00 to C$41.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Scotiabank boosted their price objective on shares of Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Stifel Nicolaus upped their price objective on shares of Lundin Mining from C$26.00 to C$40.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, TD Securities raised their target price on shares of Lundin Mining from C$42.00 to C$45.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lundin Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of C$35.84.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$39.20 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 9.31. The firm has a market cap of C$33.50 billion, a P/E ratio of 26.31, a P/E/G ratio of -0.26 and a beta of 2.22. Lundin Mining has a 1-year low of C$9.68 and a 1-year high of C$45.74. The firm has a 50-day moving average of C$35.75 and a 200-day moving average of C$29.66.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Friday, February 20th. The mining company reported C$0.59 earnings per share (EPS) for the quarter. The company had revenue of C$1.51 billion for the quarter. Lundin Mining had a return on equity of 21.95% and a net margin of 33.65%.

Lundin Mining Company Profile

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.