National Bank Financial Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price target upped by National Bank Financial from C$42.00 to C$43.50 in a report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the mining company’s stock.

LUN has been the subject of a number of other research reports. Desjardins upped their price objective on shares of Lundin Mining from C$35.00 to C$42.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Citigroup upped their price objective on shares of Lundin Mining from C$32.00 to C$41.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Morgan Stanley dropped their price objective on shares of Lundin Mining from C$39.70 to C$34.90 in a research note on Thursday, April 9th. Haywood Securities upped their price objective on shares of Lundin Mining from C$32.00 to C$42.00 in a research note on Friday, January 23rd. Finally, Ventum Financial upped their price objective on shares of Lundin Mining from C$25.00 to C$32.00 in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lundin Mining has an average rating of “Moderate Buy” and a consensus target price of C$35.92.

Lundin Mining Trading Up 1.1%

TSE LUN opened at C$40.96 on Wednesday. Lundin Mining has a 12 month low of C$10.45 and a 12 month high of C$45.74. The company has a 50-day moving average of C$36.09 and a 200-day moving average of C$30.19. The company has a debt-to-equity ratio of 9.31, a current ratio of 1.64 and a quick ratio of 0.90. The company has a market cap of C$35.01 billion, a P/E ratio of 27.49, a P/E/G ratio of -0.26 and a beta of 2.22.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Friday, February 20th. The mining company reported C$0.59 EPS for the quarter. Lundin Mining had a net margin of 33.65% and a return on equity of 21.95%. The company had revenue of C$1.51 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.