Lundin Mining (TSE:LUN) Price Target Raised to C$26.00

Lundin Mining (TSE:LUN) had its price objective increased by Stifel Nicolaus from C$18.00 to C$26.00 in a research note published on Tuesday morning,BayStreet.CA reports.

LUN has been the subject of a number of other reports. Jefferies Financial Group raised their price objective on shares of Lundin Mining from C$18.00 to C$26.00 in a research note on Monday, October 6th. Haywood Securities lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. lowered shares of Lundin Mining from an “overweight” rating to a “neutral” rating and raised their target price for the stock from C$15.30 to C$15.60 in a research report on Thursday, July 10th. National Bankshares raised their target price on shares of Lundin Mining from C$20.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, Raymond James Financial raised their target price on shares of Lundin Mining from C$15.00 to C$16.00 in a research report on Thursday, August 21st. Three research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$20.05.

Lundin Mining Trading Down 0.1%

Shares of LUN opened at C$20.47 on Tuesday. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The firm has a 50 day simple moving average of C$18.21 and a 200-day simple moving average of C$14.89. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$22.20. The stock has a market cap of C$17.53 billion, a price-to-earnings ratio of -682.33, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85.

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.