Lundin Mining (TSE:LUN) PT Set at C$16.60 by The Goldman Sachs Group

Lundin Mining (TSE:LUN) received a C$16.60 price target from investment analysts at The Goldman Sachs Group in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 35.40% from the stock’s previous close.

A number of other analysts have also recently weighed in on LUN. Scotiabank cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. UBS Group decreased their target price on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Jefferies Financial Group cut their price target on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Raymond James dropped their target price on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research report on Thursday, January 16th. Finally, Stifel Nicolaus lowered their target price on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$17.15.

Lundin Mining Stock Performance

Shares of LUN traded up C$0.17 during mid-day trading on Thursday, hitting C$12.26. The stock had a trading volume of 1,536,503 shares, compared to its average volume of 2,515,504. 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 has a market cap of C$7.49 billion, a PE ratio of 24.33, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a fifty-two week low of C$10.92 and a fifty-two week high of C$17.97. The company’s fifty day simple moving average is C$12.16 and its two-hundred day simple moving average is C$13.04.

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.