Lundin Mining (TSE:LUN) Price Target Cut to C$12.60 by Analysts at Morgan Stanley

Lundin Mining (TSE:LUNGet Free Report) had its target price decreased by equities research analysts at Morgan Stanley from C$12.80 to C$12.60 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. Morgan Stanley’s target price would suggest a potential upside of 13.72% from the company’s current price.

Several other equities analysts also recently commented on LUN. National Bank Financial upgraded shares of Lundin Mining from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Thursday, November 2nd. Eight Capital set a C$11.50 price objective on shares of Lundin Mining and gave the company a “buy” rating in a report on Wednesday, December 6th. BMO Capital Markets decreased their price objective on shares of Lundin Mining from C$13.00 to C$12.50 in a report on Monday, January 15th. Stifel Nicolaus decreased their price objective on shares of Lundin Mining from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Monday, November 13th. Finally, Canaccord Genuity Group decreased their price objective on shares of Lundin Mining from C$11.00 to C$10.75 in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from, the stock has a consensus rating of “Hold” and a consensus target price of C$11.87.

View Our Latest Stock Report on Lundin Mining

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at C$11.08 on Wednesday. The stock has a market cap of C$8.57 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of -0.26 and a beta of 1.77. The company has a debt-to-equity ratio of 23.60, a quick ratio of 0.90 and a current ratio of 1.35. The stock has a 50 day moving average price of C$10.42 and a 200-day moving average price of C$10.13. Lundin Mining has a one year low of C$7.35 and a one year high of C$11.93.

Lundin Mining (TSE:LUNGet Free Report) last released its quarterly earnings results on Wednesday, November 1st. The mining company reported C$0.15 EPS for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.02). The firm had revenue of C$1.33 billion for the quarter, compared to analysts’ expectations of C$1.32 billion. Lundin Mining had a return on equity of 6.76% and a net margin of 11.08%. Equities analysts expect that Lundin Mining will post 0.9309735 EPS for the current year.

About Lundin Mining

(Get Free Report)

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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