Lundin Mining (TSE:LUN) Stock Price Expected to Rise, National Bank Financial Analyst Says

Lundin Mining (TSE:LUN) had its price objective raised by research analysts at National Bank Financial from C$40.00 to C$42.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the mining company’s stock. National Bank Financial’s price target suggests a potential upside of 22.02% from the stock’s current price.

LUN has been the subject of a number of other reports. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 22nd. Canadian Imperial Bank of Commerce raised their price target on Lundin Mining from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Citigroup lifted their price objective on Lundin Mining from C$32.00 to C$41.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Scotiabank boosted their price objective on Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, The Goldman Sachs Group increased their target price on Lundin Mining from C$23.90 to C$35.80 in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$35.09.

Lundin Mining Trading Down 3.9%

Shares of TSE LUN opened at C$34.42 on Friday. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$45.74. The stock has a market cap of C$29.42 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of -0.26 and a beta of 2.01. The company has a quick ratio of 0.90, a current ratio of 1.64 and a debt-to-equity ratio of 9.31. The company’s fifty day moving average is C$35.83 and its 200-day moving average is C$27.30.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Friday, February 20th. The mining company reported C$0.59 EPS for the quarter. The business had revenue of C$1.51 billion during 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.