ATB Cormark Capital Markets Increases Lundin Mining (TSE:LUN) Price Target to C$40.00

Lundin Mining (TSE:LUN) had its price objective raised by investment analysts at ATB Cormark Capital Markets from C$32.50 to C$40.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 22.21% from the company’s current price.

LUN has been the topic of a number of other research reports. Royal Bank Of Canada increased their target price on Lundin Mining from C$29.00 to C$42.00 in a report on Thursday, March 12th. Desjardins boosted their price target on Lundin Mining from C$35.00 to C$42.00 and gave the company a “buy” rating in a report on Thursday, March 12th. JPMorgan Chase & Co. lowered Lundin Mining from a “neutral” rating to an “underweight” rating and dropped their price target for the company from C$32.90 to C$28.20 in a research report on Monday, March 9th. The Goldman Sachs Group raised their price objective on Lundin Mining from C$40.80 to C$48.20 in a research note on Friday, June 5th. Finally, Barclays set a C$42.00 target price on shares of Lundin Mining and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of C$39.74.

Lundin Mining Stock Down 5.7%

Shares of LUN traded down C$1.99 during midday trading on Wednesday, hitting C$32.73. The company had a trading volume of 2,416,024 shares, compared to its average volume of 2,889,981. The stock has a market cap of C$28.00 billion, a price-to-earnings ratio of 19.60, a PEG ratio of -0.26 and a beta of 2.24. The company’s 50 day moving average price is C$38.57 and its 200 day moving average price is C$35.32. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 5.55. Lundin Mining has a 52 week low of C$13.37 and a 52 week high of C$45.74.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, May 6th. The mining company reported C$0.43 EPS for the quarter. The business had revenue of C$1.61 billion for the quarter. Lundin Mining had a net margin of 35.92% and a return on equity of 23.11%.

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.