Lundin Mining (TSE:LUN) Price Target Raised to C$26.00 at Jefferies Financial Group

Lundin Mining (TSE:LUN) had its price objective hoisted by Jefferies Financial Group from C$18.00 to C$26.00 in a report released on Monday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the company. TD Securities lifted their price objective on Lundin Mining from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Dnb Nor Markets upgraded shares of Lundin Mining to a “hold” rating in a research note on Tuesday, June 17th. National Bankshares upped their price target on shares of Lundin Mining from C$17.50 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Raymond James Financial raised their price objective on shares of Lundin Mining from C$15.00 to C$16.00 in a report on Thursday, August 21st. Finally, Morgan Stanley boosted their target price on shares of Lundin Mining from C$13.70 to C$14.50 in a research report on Wednesday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$17.44.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$21.09 on Monday. The company has a market cap of C$18.06 billion, a price-to-earnings ratio of -703.00, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$21.71. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The stock’s 50-day moving average is C$16.53 and its 200-day moving average is C$14.06.

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.