TD Lowers Lundin Mining (TSE:LUN) Price Target to C$42.00

Key Points

• TD lowered Lundin Mining’s price target from C$43.00 to C$42.00 while maintaining a “buy” rating, implying roughly 13% upside from the current price.
• Analyst sentiment remains generally positive: the stock has a consensus “Moderate Buy” rating and an average price target of C$39.64, based on eight Buy, five Hold, and one Sell rating.
• Lundin Mining shares fell 1.2% to C$37.14 in Friday trading. The company recently reported quarterly revenue of C$1.72 billion and earnings of C$0.43 per share.

Lundin Mining (TSE:LUN - Get Free Report) had its price objective cut by stock analysts at TD from C$43.00 to C$42.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the mining company's stock. TD's price target suggests a potential upside of 13.09% from the company's current price.

Other analysts have also recently issued reports about the stock. Scotiabank upped their price target on shares of Lundin Mining from C$36.00 to C$42.00 and gave the stock a "sector outperform" rating in a research report on Monday, June 15th. The Goldman Sachs Group upped their target price on Lundin Mining from C$40.80 to C$48.20 in a research report on Friday, June 5th. Morgan Stanley dropped their target price on Lundin Mining from C$39.70 to C$34.90 in a report on Thursday, April 9th. Barclays boosted their price target on Lundin Mining from C$42.00 to C$43.00 in a research report on Thursday, July 16th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Lundin Mining from C$32.50 to C$40.00 and gave the company an "outperform" rating in a research report on Wednesday, June 24th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$39.64.

Lundin Mining Trading Down 1.2%

Shares of Lundin Mining stock traded down C$0.45 during trading hours on Friday, reaching C$37.14. The stock had a trading volume of 1,505,291 shares, compared to its average volume of 2,782,252. The firm has a market capitalization of C$31.71 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of -0.26 and a beta of 2.30. Lundin Mining has a 1 year low of C$14.88 and a 1 year high of C$45.74. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 5.55. The firm has a 50 day simple moving average of C$36.37 and a two-hundred day simple moving average of C$36.52.

Lundin Mining (TSE:LUN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The mining company reported C$0.43 earnings per share (EPS) for the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.The business had revenue of C$1.72 billion during the quarter.

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.

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