Lundin Mining (TSE:LUN) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Lundin Mining (TSE:LUN) had its price target increased by stock analysts at Morgan Stanley from C$25.80 to C$29.60 in a research report issued on Tuesday,BayStreet.CA reports. Morgan Stanley’s price target suggests a potential upside of 6.90% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets increased their target price on shares of Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Cormark cut shares of Lundin Mining from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Royal Bank Of Canada lifted their target price on shares of Lundin Mining from C$23.00 to C$29.00 in a report on Wednesday, December 10th. Scotiabank lifted their price target on shares of Lundin Mining from C$23.00 to C$23.50 in a research note on Tuesday, October 28th. Finally, Stifel Nicolaus increased their target price on Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$25.01.

Lundin Mining Stock Down 0.2%

Shares of TSE LUN traded down C$0.05 during mid-day trading on Tuesday, reaching C$27.69. 1,846,926 shares of the company were exchanged, compared to its average volume of 2,593,966. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$28.32. The firm has a 50-day moving average of C$23.93 and a 200 day moving average of C$18.41. The stock has a market cap 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 company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

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

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.