Lundin Mining (TSE:LUN) Given New C$42.50 Price Target at National Bank Financial

Lundin Mining (TSE:LUN – Get Free Report) had its target price decreased by equities researchers at National Bank Financial from C$43.50 to C$42.50 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the mining company’s stock. National Bank Financial’s target price suggests a potential upside of 20.43% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Lundin Mining from C$36.00 to C$45.00 in a research note on Wednesday, April 22nd. Morgan Stanley dropped their target price on shares of Lundin Mining from C$39.70 to C$34.90 in a report on Thursday, April 9th. ATB Cormark Capital Markets lifted their price target on shares of Lundin Mining from C$32.50 to C$40.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. The Goldman Sachs Group boosted their price target on Lundin Mining from C$40.80 to C$48.20 in a research note on Friday, June 5th. Finally, TD lowered their price target on Lundin Mining from C$45.00 to C$44.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lundin Mining presently has an average rating of “Moderate Buy” and a consensus target price of C$39.64.

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Lundin Mining Stock Performance

Shares of LUN stock traded up C$1.42 during trading hours on Tuesday, reaching C$35.29. 678,750 shares of the company’s stock were exchanged, compared to its average volume of 2,831,257. The company has a debt-to-equity ratio of 5.55, a current ratio of 1.81 and a quick ratio of 0.90. The company’s 50 day moving average is C$37.46 and its two-hundred day moving average is C$35.98. The company has a market cap of C$30.13 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of -0.26 and a beta of 2.32. Lundin Mining has a 1 year low of C$13.37 and a 1 year high of C$45.74.

Lundin Mining (TSE:LUN – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The mining company reported C$0.43 earnings per share for the quarter. Lundin Mining had a return on equity of 23.11% and a net margin of 35.92%.The firm had revenue of C$1.61 billion for the quarter.

About Lundin Mining

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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.

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