BMO Capital Markets Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price
by Scott Moore · The Cerbat GemLundin Mining (TSE:LUN – Get Free Report) had its price objective raised by investment analysts at BMO Capital Markets from C$36.00 to C$45.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 18.17% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Jefferies Financial Group upped their target price on Lundin Mining from C$32.00 to C$38.00 in a report on Monday, January 12th. The Goldman Sachs Group upped their target price on Lundin Mining from C$23.90 to C$35.80 in a report on Tuesday, January 13th. JPMorgan Chase & Co. downgraded Lundin Mining from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from C$32.90 to C$28.20 in a research report on Monday, March 9th. TD reduced their price objective on Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Citigroup boosted their price objective on Lundin Mining from C$32.00 to C$41.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy” and an average price target of C$36.97.
Check Out Our Latest Research Report on LUN
Lundin Mining Stock Performance
Shares of TSE:LUN traded up C$0.73 during trading on Wednesday, hitting C$38.08. 1,181,037 shares of the company traded hands, compared to its average volume of 2,885,560. The stock has a market capitalization of C$32.55 billion, a price-to-earnings ratio of 25.56, a PEG ratio of -0.26 and a beta of 2.22. The business’s fifty day moving average is C$36.57 and its 200-day moving average is C$30.79. Lundin Mining has a one year low of C$11.04 and a one year high of C$45.74. The company has a quick ratio of 0.90, a current ratio of 1.64 and a debt-to-equity ratio of 9.31.
Lundin Mining (TSE:LUN – Get Free Report) last posted its earnings results on Friday, February 20th. The mining company reported C$0.59 EPS for the quarter. The company had revenue of C$1.51 billion during the quarter. Lundin Mining had a return on equity of 21.95% and a net margin of 33.65%.
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.