Haywood Securities Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price target hoisted by equities researchers at Haywood Securities from C$28.00 to C$32.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Haywood Securities’ target price would indicate a potential upside of 15.57% from the company’s current price.

A number of other equities research analysts have also issued reports on LUN. Stifel Nicolaus lifted their target price on Lundin Mining from C$18.00 to C$26.00 in a research report on Tuesday, October 21st. National Bankshares lifted their price objective on shares of Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on shares of Lundin Mining from C$28.00 to C$25.40 in a research report on Wednesday, December 3rd. BMO Capital Markets raised their target price on shares of Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Finally, CIBC lifted their price target on shares of Lundin Mining from C$24.00 to C$30.00 in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Lundin Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.01.

Lundin Mining Stock Down 0.2%

Shares of LUN traded down C$0.05 on Tuesday, hitting C$27.69. The company’s stock had a trading volume of 1,846,926 shares, compared to its average volume of 2,593,966. 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 firm has a market capitalization of C$23.70 billion, a price-to-earnings ratio of 923.00, a P/E/G ratio of -0.26 and a beta of 1.93. The firm’s fifty day moving average price is C$23.93 and its 200-day moving average price is C$18.41. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$28.32.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%. The firm had revenue of C$1.40 billion during the quarter.

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.