Lundin Mining (TSE:LUN) Price Target Raised to C$35.80 at The Goldman Sachs Group

Lundin Mining (TSE:LUN) had its price target raised by investment analysts at The Goldman Sachs Group from C$23.90 to C$35.80 in a research note issued on Tuesday,BayStreet.CA reports. The Goldman Sachs Group’s price target would suggest a potential upside of 6.90% from the company’s previous close.

A number of other analysts have also commented on the company. Jefferies Financial Group lifted their target price on Lundin Mining from C$32.00 to C$38.00 in a report on Monday. Haywood Securities upped their target price on shares of Lundin Mining from C$28.00 to C$32.00 in a research note on Tuesday, December 16th. Ventum Financial raised their price target on shares of Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Scotiabank increased their price objective on shares of 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 Bankshares lifted their target price on shares of Lundin Mining from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$27.34.

Lundin Mining Stock Down 0.7%

LUN stock traded down C$0.25 during trading on Tuesday, hitting C$33.49. 1,036,714 shares of the stock traded hands, compared to its average volume of 2,313,365. The stock has a market cap of C$28.61 billion, a price-to-earnings ratio of 1,116.33, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$34.13. The firm’s 50 day moving average is C$27.25 and its two-hundred day moving average is C$20.65.

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