National Bankshares Increases Lundin Mining (TSE:LUN) Price Target to C$25.00

Lundin Mining (TSE:LUN) had its target price lifted by equities research analysts at National Bankshares from C$20.00 to C$25.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price points to a potential upside of 16.99% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada raised their price objective on shares of Lundin Mining from C$16.00 to C$18.00 in a research note on Wednesday, September 10th. Desjardins set a C$17.00 price objective on shares of Lundin Mining and gave the company a “buy” rating in a research note on Thursday, June 19th. TD Securities raised their price objective on shares of Lundin Mining from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Morgan Stanley raised their price objective on shares of Lundin Mining from C$13.70 to C$14.50 in a research note on Wednesday, August 20th. Finally, Dnb Nor Markets raised shares of Lundin Mining to a “hold” rating in a research note on Tuesday, June 17th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Lundin Mining presently has an average rating of “Moderate Buy” and an average price target of C$17.82.

Lundin Mining Trading Down 1.2%

Shares of LUN stock opened at C$21.37 on Wednesday. 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 firm has a market cap of C$18.30 billion, a PE ratio of -712.33, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. The company has a 50-day moving average of C$16.97 and a two-hundred day moving average of C$14.22. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$22.20.

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.