Lundin Mining (TSE:LUN) Price Target Raised to C$45.00 at BMO Capital Markets

Lundin Mining (TSE:LUN) had its price objective upped by BMO Capital Markets from C$36.00 to C$45.00 in a report issued on Wednesday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Ci Capital boosted their price objective on shares of Lundin Mining from C$32.00 to C$41.00 in a research report on Wednesday, February 11th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Lundin Mining from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Haywood Securities boosted their price objective on shares of Lundin Mining from C$32.00 to C$42.00 in a research report on Friday, January 23rd. Stifel Nicolaus boosted their price objective on shares of Lundin Mining from C$26.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. cut shares of Lundin Mining from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from C$32.90 to C$28.20 in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and a consensus price target of C$36.97.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$37.79 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.64 and a debt-to-equity ratio of 9.31. The company has a market capitalization of C$32.30 billion, a PE ratio of 25.36, a P/E/G ratio of -0.26 and a beta of 2.22. The firm has a fifty day simple moving average of C$36.60 and a two-hundred day simple moving average of C$30.84. Lundin Mining has a twelve month low of C$11.04 and a twelve month high of C$45.74.

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