Lundin Mining (TSE:LUN) Given New C$44.00 Price Target at TD

Key Points

• TD cut its price target on Lundin Mining to C$44.00 from C$45.00 but kept a "buy" rating, implying about a 12.97% upside from the prior close.
• Analyst consensus remains positive with an average rating of "Moderate Buy" and a consensus price target of C$35.84; analyst coverage includes 2 Strong Buy, 7 Buy, 6 Hold and 1 Sell, with several firms recently raising targets.
• Lundin Mining shares traded up ~3.3% to C$38.95; the company reported quarterly EPS of C$0.59 on C$1.51 billion revenue, has a market cap of C$33.29 billion, and a 52-week range of C$9.68–C$45.74.

Lundin Mining (TSE:LUN - Get Free Report) had its price target cut by equities research analysts at TD from C$45.00 to C$44.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the mining company's stock. TD's price objective indicates a potential upside of 12.97% from the company's previous close.

Several other equities research analysts also recently commented on the company. Scotiabank boosted 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. Cormark raised Lundin Mining from a "hold" rating to a "moderate buy" rating in a report on Monday, December 22nd. Stifel Nicolaus boosted their target price on Lundin Mining from C$26.00 to C$40.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Ci Capital boosted their target price on Lundin Mining from C$32.00 to C$41.00 in a report on Wednesday, February 11th. Finally, National Bank Financial boosted their target price on Lundin Mining from C$40.00 to C$42.00 and gave the stock a "sector perform" rating in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$35.84.

Lundin Mining Stock Up 3.3%

TSE:LUN traded up C$1.24 during mid-day trading on Friday, hitting C$38.95. 1,050,417 shares of the company's stock were exchanged, compared to its average volume of 2,966,995. Lundin Mining has a one year low of C$9.68 and a one year high of C$45.74. The company has a debt-to-equity ratio of 9.31, a current ratio of 1.64 and a quick ratio of 0.90. The business has a fifty day moving average price of C$35.65 and a 200 day moving average price of C$29.51. The company has a market cap of C$33.29 billion, a PE ratio of 26.14, a P/E/G ratio of -0.26 and a beta of 2.22.

Lundin Mining (TSE:LUN - Get Free Report) last posted its quarterly earnings data on Friday, February 20th. The mining company reported C$0.59 EPS for the quarter. Lundin Mining had a net margin of 33.65% and a return on equity of 21.95%. The business had revenue of C$1.51 billion for the quarter.

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.

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