Lundin Mining (TSE:LUN) Price Target Cut to C$34.90 by Analysts at Morgan Stanley

Lundin Mining (TSE:LUN) had its target price cut by Morgan Stanley from C$39.70 to C$34.90 in a report issued on Thursday,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Jefferies Financial Group upped their target price on Lundin Mining from C$32.00 to C$38.00 in a research report on Monday, January 12th. Citigroup upped their target price on Lundin Mining from C$32.00 to C$41.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Scotiabank upped their target price on 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. Finally, National Bank Financial upped their target price on Lundin Mining from C$40.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lundin Mining presently has an average rating of “Moderate Buy” and a consensus target price of C$35.38.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$37.71 on Thursday. The stock’s 50 day moving average price is C$35.65 and its 200 day moving average price is C$29.51. The firm has a market capitalization of C$32.23 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of -0.26 and a beta of 2.22. The company has a debt-to-equity ratio of 9.31, a quick ratio of 0.90 and a current ratio of 1.64. Lundin Mining has a one year low of C$9.34 and a one year high of C$45.74.

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