TD Securities Forecasts Strong Price Appreciation for Lundin Mining (TSE:LUN) Stock

Lundin Mining (TSE:LUN) had its target price raised by research analysts at TD Securities from C$28.00 to C$42.00 in a research note issued on Thursday,BayStreet.CA reports. TD Securities’ price target points to a potential upside of 28.87% from the company’s previous close.

LUN has been the subject of several other reports. National Bankshares increased their price objective on Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on shares of Lundin Mining from C$28.00 to C$25.40 in a report on Wednesday, December 3rd. Morgan Stanley raised their price target on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday, December 16th. Haywood Securities upped their price objective on shares of Lundin Mining from C$28.00 to C$32.00 in a research note on Tuesday, December 16th. Finally, Stifel Nicolaus increased their price objective on shares of Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy” and an average price target of C$28.16.

Lundin Mining Price Performance

Shares of LUN traded down C$4.08 during mid-day trading on Thursday, hitting C$32.59. 4,352,396 shares of the company were exchanged, compared to its average volume of 2,643,681. The stock has a market cap of C$27.84 billion, a price-to-earnings ratio of 1,086.33, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$37.10. The company has a 50 day moving average of C$28.71 and a 200-day moving average of C$21.60. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.

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

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.