Lundin Mining (TSE:LUN) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Lundin Mining (TSE:LUN) had its price target lifted by stock analysts at Stifel Nicolaus from C$18.00 to C$26.00 in a report released on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 26.89% from the company’s current price.

LUN has been the subject of a number of other reports. National Bankshares upped their price objective on shares of Lundin Mining from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut Lundin Mining from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from C$15.30 to C$15.60 in a research report on Thursday, July 10th. TD Securities increased their price objective on Lundin Mining from C$19.00 to C$26.00 in a report on Tuesday. Raymond James Financial raised their price objective on Lundin Mining from C$15.00 to C$16.00 in a research note on Thursday, August 21st. Finally, Scotiabank upped their target price on Lundin Mining from C$17.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.05.

Lundin Mining Trading Down 1.1%

Shares of TSE LUN opened at C$20.49 on Tuesday. The business has a 50 day simple moving average of C$18.11 and a 200 day simple moving average of C$14.82. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$22.20. The stock has a market cap of C$17.55 billion, a price-to-earnings ratio of -683.00, a PEG ratio of -0.26 and a beta of 1.85. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.

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.