Lundin Mining (TSE:LUN) Price Target Raised to C$26.00

Lundin Mining (TSE:LUN) had its target price boosted by TD Securities from C$19.00 to C$26.00 in a report issued on Tuesday morning,BayStreet.CA reports.

A number of other analysts have also issued reports on the company. National Bankshares boosted their target price on Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. CIBC boosted their target price on Lundin Mining from C$18.00 to C$24.00 in a research note on Friday, October 10th. Morgan Stanley boosted their target price on Lundin Mining from C$13.70 to C$14.50 in a research note on Wednesday, August 20th. Royal Bank Of Canada boosted their target price on Lundin Mining from C$16.00 to C$18.00 in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. cut Lundin Mining from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from C$15.30 to C$15.60 in a research note on Thursday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$20.05.

Lundin Mining Stock Down 0.1%

LUN stock opened at C$20.47 on Tuesday. The firm has a market cap of C$17.53 billion, a PE ratio of -682.33, a PEG ratio of -0.26 and a beta of 1.85. 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 firm’s 50 day moving average price is C$18.21 and its 200-day moving average price is C$14.89. Lundin Mining has a one year low of C$8.94 and a one year high of C$22.20.

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.