National Bank Financial Raises Lundin Mining (TSE:LUN) Price Target to C$43.50

Lundin Mining (TSE:LUN) had its target price increased by investment analysts at National Bank Financial from C$42.00 to C$43.50 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the mining company’s stock. National Bank Financial’s price objective would suggest a potential upside of 6.07% from the company’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. lowered Lundin Mining from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from C$32.90 to C$28.20 in a research report on Monday, March 9th. Stifel Nicolaus raised their price target on Lundin Mining from C$26.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Haywood Securities raised their target price on Lundin Mining from C$32.00 to C$42.00 in a report on Friday, January 23rd. Ci Capital raised their target price on Lundin Mining from C$32.00 to C$41.00 in a report on Wednesday, February 11th. Finally, Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$35.92.

Lundin Mining Stock Performance

Shares of TSE:LUN opened at C$41.01 on Wednesday. The stock has a market capitalization of C$35.05 billion, a P/E ratio of 27.52, a P/E/G ratio of -0.26 and a beta of 2.22. Lundin Mining has a 1-year low of C$10.45 and a 1-year high of C$45.74. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 9.31. The business has a 50-day moving average price of C$36.26 and a two-hundred day moving average price of C$30.26.

Lundin Mining (TSE:LUN) last issued its earnings results on Friday, February 20th. The mining company reported C$0.59 earnings per share (EPS) for the quarter. The company had revenue of C$1.51 billion for the quarter. Lundin Mining had a net margin of 33.65% and a return on equity of 21.95%.

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.