Lundin Mining (TSE:LUN) Given New C$28.00 Price Target at TD Securities

Lundin Mining (TSE:LUN) had its price objective raised by stock analysts at TD Securities from C$26.00 to C$28.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. TD Securities’ price objective indicates a potential upside of 12.40% from the company’s previous close.

A number of other equities analysts have also commented on LUN. Stifel Nicolaus raised their price objective on shares of Lundin Mining from C$18.00 to C$26.00 in a research report on Tuesday, October 21st. Raymond James Financial raised their price target on shares of Lundin Mining from C$15.00 to C$16.00 in a report on Thursday, August 21st. CIBC upped their price target on shares of Lundin Mining from C$18.00 to C$24.00 in a report on Friday, October 10th. JPMorgan Chase & Co. lowered Lundin Mining from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from C$15.30 to C$15.60 in a research note on Thursday, July 10th. Finally, Scotiabank upped their target price on Lundin Mining from C$23.00 to C$23.50 in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.59.

Lundin Mining Price Performance

LUN traded up C$0.41 during trading on Friday, reaching C$24.91. 2,566,008 shares of the company were exchanged, compared to its average volume of 2,602,828. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$25.02. The company’s 50-day moving average is C$19.59 and its two-hundred day moving average is C$15.77. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The company has a market cap of C$21.34 billion, a price-to-earnings ratio of -830.33, a P/E/G ratio of -0.26 and a beta of 1.93.

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.