Jefferies Financial Group Forecasts Strong Price Appreciation for Lundin Mining (TSE:LUN) Stock

Lundin Mining (TSE:LUN) had its price target upped by analysts at Jefferies Financial Group from C$32.00 to C$38.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 12.26% from the company’s previous close.

Several other equities research analysts also recently commented on LUN. BMO Capital Markets lifted their price objective on Lundin Mining from C$22.00 to C$25.00 in a report on Thursday, November 6th. Morgan Stanley lifted their price target on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday, December 16th. Scotiabank lifted their target price on shares of Lundin Mining from C$25.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on Lundin Mining from C$28.00 to C$25.40 in a report on Wednesday, December 3rd. Finally, Haywood Securities lifted their price objective on Lundin Mining from C$28.00 to C$32.00 in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$26.21.

Lundin Mining Stock Up 3.2%

Shares of LUN traded up C$1.06 on Monday, hitting C$33.85. 1,304,599 shares of the stock traded hands, compared to its average volume of 2,275,613. Lundin Mining has a one year low of C$8.94 and a one year high of C$34.04. The company has a market capitalization of C$28.92 billion, a PE ratio of 1,128.33, a P/E/G ratio of -0.26 and a beta of 2.12. The business has a 50 day simple moving average of C$27.02 and a 200 day simple moving average of C$20.52. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, November 5th. The mining company reported C$0.18 EPS for the quarter. The business 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%.

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.