Lundin Mining (TSE:LUN) Reaches New 52-Week High After Analyst Upgrade

Lundin Mining Co. (TSE:LUN) hit a new 52-week high during trading on Wednesday after Haywood Securities raised their price target on the stock from C$28.00 to C$32.00. The company traded as high as C$28.64 and last traded at C$28.12, with a volume of 298746 shares trading hands. The stock had previously closed at C$27.91.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley raised their price target on shares of Lundin Mining from C$25.80 to C$29.60 in a research note on Tuesday. National Bankshares upped their price objective on shares of Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Citigroup set a C$32.00 target price on shares of Lundin Mining and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets boosted their price target on Lundin Mining from C$22.00 to C$25.00 in a report on Thursday, November 6th. Finally, Jefferies Financial Group increased their price target on Lundin Mining from C$28.00 to C$32.00 in a research note on Monday, December 8th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$25.01.

Lundin Mining Trading Down 0.5%

The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The firm has a market capitalization of C$23.81 billion, a price-to-earnings ratio of 927.33, a P/E/G ratio of -0.26 and a beta of 1.93. The business has a fifty day moving average price of C$24.32 and a 200 day moving average price of C$18.64.

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

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.