Lundin Mining (TSE:LUN) Given New C$17.50 Price Target at National Bankshares

Lundin Mining (TSE:LUN) had its price target upped by analysts at National Bankshares from C$17.00 to C$17.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective points to a potential upside of 48.43% from the company’s previous close.

LUN has been the topic of a number of other research reports. Stifel Canada raised Lundin Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Jefferies Financial Group cut their target price on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. The Goldman Sachs Group set a C$16.60 target price on shares of Lundin Mining and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, Raymond James decreased their price objective on shares of 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 analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$17.09.

Lundin Mining Trading Down 0.2 %

TSE:LUN traded down C$0.02 during trading hours on Wednesday, reaching C$11.79. 941,012 shares of the stock were exchanged, compared to its average volume of 2,571,226. Lundin Mining has a twelve month low of C$10.92 and a twelve month high of C$17.97. The business has a 50-day moving average of C$12.19 and a two-hundred day moving average of C$12.97. The company has a market capitalization of C$7.20 billion, a price-to-earnings ratio of 23.40, a PEG ratio of -0.26 and a beta of 1.66. The company has a quick ratio of 0.90, a current ratio of 1.40 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.