National Bankshares Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price target upped by National Bankshares from C$30.00 to C$40.00 in a research report report published on Thursday morning,BayStreet.CA reports.

LUN has been the subject of several other research reports. Scotiabank lifted their price objective on Lundin Mining from C$25.00 to C$31.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Morgan Stanley boosted their price target on shares of Lundin Mining from C$25.80 to C$29.60 in a research report on Tuesday, December 16th. CIBC raised their price objective on shares of Lundin Mining from C$24.00 to C$30.00 in a report on Friday, December 12th. Jefferies Financial Group lifted their price objective on shares of Lundin Mining from C$32.00 to C$38.00 in a research note on Monday, January 12th. Finally, Cormark upgraded Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$31.34.

Lundin Mining Stock Performance

TSE LUN opened at C$37.16 on Thursday. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The company has a market capitalization of C$31.75 billion, a PE ratio of 1,238.67, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$38.85. The company has a 50-day simple moving average of C$29.91 and a 200 day simple moving average of C$22.42.

Lundin Mining (TSE:LUN) last released its earnings results on Wednesday, November 5th. The mining company reported C$0.18 earnings per share for the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%. The firm had revenue of C$1.40 billion during the quarter.

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.