Royal Bank Of Canada Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Key Points

• Royal Bank of Canada raised its price target to C$42 from C$29, implying roughly a 16.25% upside from the prior close in a report issued Thursday.
• Multiple analysts have also lifted targets (Citigroup to C$41, Haywood to C$42, etc.), and MarketBeat shows a consensus rating of Moderate Buy with a consensus price target of C$34.98 (ratings: 2 Strong Buy, 6 Buy, 6 Hold, 1 Sell).
• Lundin Mining traded at C$36.13 (down C$0.61) with a market cap of C$30.88B, P/E of 24.25 and a one‑year range of C$8.94–C$45.74; the company reported quarterly EPS of C$0.59 on C$1.51B revenue and a net margin of 33.65%.

Lundin Mining (TSE:LUN - Get Free Report) had its target price raised by equities researchers at Royal Bank Of Canada from C$29.00 to C$42.00 in a research report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada's price objective suggests a potential upside of 16.25% from the company's previous close.

Other analysts have also recently issued research reports about the company. Citigroup upped their price target on Lundin Mining from C$32.00 to C$41.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. National Bank Financial downgraded Lundin Mining from an "outperform" rating to a "hold" rating and set a C$40.00 price objective on the stock. in a research note on Tuesday, February 17th. Haywood Securities raised their target price on shares of Lundin Mining from C$32.00 to C$42.00 in a report on Friday, January 23rd. Scotiabank upped their price target on shares of Lundin Mining from C$25.00 to C$31.00 and gave the company an "outperform" rating in a research note on Thursday, January 8th. Finally, Desjardins boosted their target price on shares of Lundin Mining from C$30.00 to C$35.00 and gave the stock a "buy" rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lundin Mining currently has a consensus rating of "Moderate Buy" and a consensus price target of C$34.98.

Lundin Mining Stock Performance

Lundin Mining stock traded down C$0.61 during trading on Thursday, hitting C$36.13. The stock had a trading volume of 898,703 shares, compared to its average volume of 3,064,681. The company has a quick ratio of 0.90, a current ratio of 1.64 and a debt-to-equity ratio of 9.31. The stock has a market cap of C$30.88 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of -0.26 and a beta of 2.01. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$45.74. The stock's 50 day moving average is C$35.61 and its two-hundred day moving average is C$27.03.

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

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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