Stifel Nicolaus Boosts Lundin Mining (TSE:LUN) Price Target to C$40.00

Lundin Mining (TSE:LUN) had its target price upped by research analysts at Stifel Nicolaus from C$26.00 to C$40.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ price target points to a potential upside of 12.04% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley raised their price target on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday, December 16th. National Bankshares boosted their target price on shares of Lundin Mining from C$30.00 to C$40.00 in a research note on Thursday, January 29th. BMO Capital Markets upped their price target on shares of Lundin Mining from C$22.00 to C$25.00 in a report on Thursday, November 6th. Ci Capital raised their price objective on Lundin Mining from C$32.00 to C$41.00 in a report on Wednesday. Finally, Scotiabank upped their target price on Lundin Mining from C$25.00 to C$31.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$33.54.

Lundin Mining Price Performance

TSE LUN traded up C$1.28 on Wednesday, hitting C$35.70. 1,225,253 shares of the company’s stock were exchanged, compared to its average volume of 2,916,920. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$38.85. The stock has a 50-day moving average of C$31.30 and a 200-day moving average of C$23.69. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The stock has a market cap of C$30.50 billion, a price-to-earnings ratio of 1,190.00, a P/E/G ratio of -0.26 and a beta of 2.08.

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

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.