National Bankshares Forecasts Strong Price Appreciation for Lundin Mining (TSE:LUN) Stock

Lundin Mining (TSE:LUN) had its price objective boosted by equities research analysts at National Bankshares from C$30.00 to C$40.00 in a research note issued on Thursday,BayStreet.CA reports. National Bankshares’ price objective would indicate a potential upside of 7.64% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Haywood Securities upped their price target on Lundin Mining from C$32.00 to C$42.00 in a research note on Friday, January 23rd. Morgan Stanley upped their price target on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday, December 16th. Royal Bank Of Canada raised their price objective on shares of Lundin Mining from C$23.00 to C$29.00 in a research note on Wednesday, December 10th. Cormark raised shares of Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Finally, Stifel Nicolaus increased their price target on shares of Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$31.34.

Lundin Mining Trading Up 2.7%

TSE LUN traded up C$0.98 on Thursday, hitting C$37.16. The company’s stock had a trading volume of 2,613,347 shares, compared to its average volume of 2,801,061. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The firm has a market cap of C$31.75 billion, a P/E ratio of 1,238.67, a PEG ratio of -0.26 and a beta of 2.12. The company’s 50-day simple moving average is C$29.65 and its 200 day simple moving average is C$22.32. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$38.85.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, November 5th. The mining company reported C$0.18 EPS for the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.The company had revenue of C$1.40 billion during the quarter.

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.