TD Securities Boosts Lundin Mining (TSE:LUN) Price Target to C$28.00

Lundin Mining (TSE:LUN) had its target price raised by stock analysts at TD Securities from C$26.00 to C$28.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. TD Securities’ price target would suggest a potential upside of 12.40% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. Haywood Securities cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Raymond James Financial upped their price target on shares of Lundin Mining from C$15.00 to C$16.00 in a report on Thursday, August 21st. Royal Bank Of Canada raised their price target on shares of Lundin Mining from C$16.00 to C$18.00 in a report on Wednesday, September 10th. Stifel Nicolaus boosted their price objective on shares of Lundin Mining from C$18.00 to C$26.00 in a research report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. lowered shares of Lundin Mining from an “overweight” rating to a “neutral” rating and increased their target price for the stock from C$15.30 to C$15.60 in a report on Thursday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.59.

Lundin Mining Trading Up 1.7%

Lundin Mining stock traded up C$0.41 during mid-day trading on Friday, hitting C$24.91. The company’s stock had a trading volume of 2,566,008 shares, compared to its average volume of 2,602,828. The stock has a market cap of C$21.34 billion, a price-to-earnings ratio of -830.33, a price-to-earnings-growth ratio of -0.26 and a beta of 1.93. The business has a 50 day moving average price of C$19.59 and a 200-day moving average price of C$15.77. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$25.02.

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.