Lundin Mining (TSE:LUN) Given New C$23.00 Price Target at Scotiabank

Lundin Mining (TSE:LUNFree Report) had its price objective hoisted by Scotiabank from C$17.00 to C$23.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the mining company’s stock.

A number of other research firms have also recently commented on LUN. National Bankshares upped their price objective on Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut Lundin Mining from an “overweight” rating to a “neutral” rating and upped their price objective for the company from C$15.30 to C$15.60 in a research report on Thursday, July 10th. Royal Bank Of Canada upped their price objective on Lundin Mining from C$16.00 to C$18.00 in a research report on Wednesday, September 10th. Desjardins set a C$17.00 price objective on Lundin Mining and gave the company a “buy” rating in a research report on Thursday, June 19th. Finally, Morgan Stanley upped their price objective on Lundin Mining from C$13.70 to C$14.50 in a research report on Wednesday, August 20th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$18.76.

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Lundin Mining Stock Up 2.7%

Lundin Mining stock opened at C$21.65 on Tuesday. The stock has a market cap of C$18.54 billion, a PE ratio of -721.67, a price-to-earnings-growth 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 has a one year low of C$8.94 and a one year high of C$22.20. The stock has a fifty day moving average of C$17.41 and a 200 day moving average of C$14.41.

About Lundin Mining

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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.

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