Lundin Mining (TSE:LUN) Stock Price Expected to Rise, National Bank Financial Analyst Says

Lundin Mining (TSE:LUN) had its price target increased by equities researchers at National Bank Financial from C$40.00 to C$42.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the mining company’s stock. National Bank Financial’s price target suggests a potential upside of 22.48% from the company’s previous close.

A number of other analysts also recently issued reports on LUN. Ci Capital raised their price objective on Lundin Mining from C$32.00 to C$41.00 in a research report on Wednesday, February 11th. Stifel Nicolaus upped their target price on shares of Lundin Mining from C$26.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Jefferies Financial Group increased their target price on shares of Lundin Mining from C$32.00 to C$38.00 in a research note on Monday, January 12th. Morgan Stanley lifted their price target on shares of Lundin Mining from C$25.80 to C$29.60 in a research report on Tuesday, December 16th. Finally, Ventum Financial boosted their price target on shares of Lundin Mining from C$25.00 to C$32.00 in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued 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$35.09.

Lundin Mining Trading Down 4.3%

LUN traded down C$1.54 during trading hours on Friday, reaching C$34.29. The company’s stock had a trading volume of 1,291,221 shares, compared to its average volume of 3,070,482. The stock has a market cap of C$29.31 billion, a PE ratio of 23.01, a P/E/G ratio of -0.26 and a beta of 2.01. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$45.74. 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 business’s 50-day moving average is C$35.74 and its 200-day moving average is C$27.09.

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