Deutsche Bank Aktiengesellschaft Raises Lundin Mining (TSE:LUN) Price Target to C$8.50

Lundin Mining (TSE:LUNGet Rating) had its price objective raised by Deutsche Bank Aktiengesellschaft from C$8.00 to C$8.50 in a report published on Tuesday morning, BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on LUN. Eight Capital dropped their target price on Lundin Mining from C$13.00 to C$11.00 in a report on Wednesday, October 26th. CSFB lifted their target price on Lundin Mining from C$7.75 to C$8.50 in a report on Tuesday, November 22nd. Credit Suisse Group lifted their target price on Lundin Mining to C$8.50 in a report on Tuesday, November 22nd. JPMorgan Chase & Co. cut Lundin Mining from an overweight rating to a neutral rating and decreased their price target for the stock from C$10.60 to C$9.20 in a research report on Friday, November 11th. Finally, Scotiabank decreased their price target on Lundin Mining from C$8.50 to C$8.00 in a research report on Thursday, October 27th. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of C$13.08.

Lundin Mining Trading Up 2.3 %

Shares of Lundin Mining stock opened at C$9.63 on Tuesday. Lundin Mining has a 1 year low of C$6.24 and a 1 year high of C$14.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.35 and a quick ratio of 0.90. The company has a market capitalization of C$7.42 billion and a price-to-earnings ratio of 10.47. The business has a fifty day simple moving average of C$8.31 and a two-hundred day simple moving average of C$7.56.

Lundin Mining (TSE:LUNGet Rating) last posted its earnings results on Tuesday, October 25th. The mining company reported C$0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.05. The firm had revenue of C$846.18 million for the quarter, compared to analyst estimates of C$924.47 million. Research analysts forecast that Lundin Mining will post 0.74 EPS for the current year.

Lundin Mining Company Profile

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Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

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