Lundin Mining (TSE:LUN) PT Set at C$16.60 by The Goldman Sachs Group

Lundin Mining (TSE:LUN) has been given a C$16.60 price target by The Goldman Sachs Group in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 31.33% from the company’s current price.

Several other research firms also recently commented on LUN. Scotiabank downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Stifel Nicolaus reduced their price objective on shares of Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. UBS Group decreased their price objective on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Jefferies Financial Group cut their target price on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Finally, Raymond James decreased their price target on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a research note on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$17.15.

Lundin Mining Price Performance

Lundin Mining stock opened at C$12.64 on Thursday. The stock has a 50-day moving average price of C$12.16 and a two-hundred day moving average price of C$13.04. Lundin Mining has a 12 month low of C$10.92 and a 12 month high of C$17.97. The company has a market capitalization of C$7.72 billion, a PE ratio of 25.08, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58.

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.