Lundin Mining Upgraded by National Bank Financial to Outperform (LUN)
Lundin Mining (TSE:LUN) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Tuesday. The firm currently has a C$7.25 price objective on the stock, up from their previous price objective of C$6.25. National Bank Financial’s target price would indicate a potential upside of 18.27% from the company’s current price.
A number of other firms have also recently commented on LUN. Analysts at Raymond James raised their price target on shares of Lundin Mining from C$6.75 to C$7.50 in a research note on Monday, July 14th. Separately, analysts at Canaccord Genuity raised their price target on shares of Lundin Mining to C$7.25 in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Lundin Mining presently has an average rating of “Buy” and a consensus target price of C$6.79.
Shares of Lundin Mining (TSE:LUN) traded up 0.33% on Tuesday, hitting $6.13. 3,041,718 shares of the company’s stock traded hands. Lundin Mining has a one year low of $3.99 and a one year high of $6.57. The stock has a 50-day moving average of $5.90 and a 200-day moving average of $5.40. The company has a market cap of $3.588 billion and a price-to-earnings ratio of 35.94.
Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.02. Analysts expect that Lundin Mining will post $0.25 EPS for the current fiscal year.
Lundin Mining Corporation (TSE:LUN) is a diversified base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel.
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