Lundin Mining (TSE:LUN) Downgraded to Sector Perform Rating by National Bank Financial

National Bank Financial cut shares of Lundin Mining (TSE:LUN) from an outperform rating to a sector perform rating in a research note issued to investors on Tuesday,BayStreet.CA reports. National Bank Financial currently has C$40.00 price target on the mining company’s stock.

Other analysts have also issued research reports about the stock. Stifel Nicolaus boosted their target price on shares of Lundin Mining from C$26.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. decreased their price target on shares of Lundin Mining from C$28.00 to C$25.40 in a report on Wednesday, December 3rd. Royal Bank Of Canada boosted their price objective on shares of Lundin Mining from C$23.00 to C$29.00 in a research report on Wednesday, December 10th. Canadian Imperial Bank of Commerce raised their target price on shares of Lundin Mining from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group lifted their target price on Lundin Mining from C$23.90 to C$35.80 in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$33.54.

Lundin Mining Stock Performance

LUN stock opened at C$33.98 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The firm has a market cap of C$29.03 billion, a P/E ratio of 1,132.67, a P/E/G ratio of -0.26 and a beta of 2.08. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$38.85. The stock’s 50 day simple moving average is C$32.20 and its 200 day simple moving average is C$24.43.

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.