Lundin Mining (TSE:LUN) Given New C$17.50 Price Target at National Bankshares

Lundin Mining (TSE:LUN) had its price objective lifted by National Bankshares from C$17.00 to C$17.50 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

A number of other brokerages have also issued reports on LUN. Raymond James decreased their target price on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus cut their target price on shares of Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Stifel Canada raised shares of Lundin Mining to a “strong-buy” rating in a research note on Wednesday, March 19th. UBS Group cut their price objective on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. Finally, Scotiabank lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lundin Mining presently has an average rating of “Moderate Buy” and an average target price of C$17.09.

Lundin Mining Stock Performance

TSE LUN opened at C$11.81 on Wednesday. The stock has a market capitalization of C$7.22 billion, a price-to-earnings ratio of 23.44, a PEG ratio of -0.26 and a beta of 1.66. The stock has a 50-day moving average of C$12.19 and a 200 day moving average of C$12.97. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. Lundin Mining has a twelve month low of C$10.92 and a twelve month high of C$17.97.

Lundin Mining Company Profile

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.