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

Lundin Mining (TSE:LUN) had its target price hoisted by investment analysts at National Bank Financial from C$42.00 to C$43.50 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the mining company’s stock. National Bank Financial’s target price would indicate a potential upside of 6.38% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. TD dropped their price target on shares of Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Morgan Stanley lowered their price objective on shares of Lundin Mining from C$39.70 to C$34.90 in a research report on Thursday, April 9th. TD Securities boosted their target price on Lundin Mining from C$42.00 to C$45.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Cormark upgraded Lundin Mining from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 22nd. Finally, Stifel Nicolaus lifted their price objective on Lundin Mining from C$26.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$35.92.

Lundin Mining Trading Up 0.9%

Lundin Mining stock traded up C$0.38 during mid-day trading on Wednesday, hitting C$40.89. The company’s stock had a trading volume of 1,168,601 shares, compared to its average volume of 2,923,895. The stock’s fifty day moving average is C$35.93 and its two-hundred day moving average is C$30.11. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 9.31. The firm has a market capitalization of C$34.95 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of -0.26 and a beta of 2.22. Lundin Mining has a 1 year low of C$10.45 and a 1 year high of C$45.74.

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

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.