Lundin Mining (TSE:LUN) Stock Price Expected to Rise, National Bankshares Analyst Says

Lundin Mining (TSE:LUN) had its price target increased by investment analysts at National Bankshares from C$30.00 to C$40.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 16.45% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group lifted their price objective on Lundin Mining from C$23.90 to C$35.80 in a research report on Tuesday, January 13th. Scotiabank lifted their price target on Lundin Mining from C$25.00 to C$31.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Morgan Stanley increased their price objective on shares of Lundin Mining from C$25.80 to C$29.60 in a report on Tuesday, December 16th. 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, December 15th. Finally, Ventum Financial increased their price target on shares of Lundin Mining from C$25.00 to C$32.00 in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$31.34.

Lundin Mining Stock Down 7.6%

Shares of TSE:LUN opened at C$34.35 on Thursday. The company’s fifty day moving average is C$30.11 and its 200-day moving average is C$22.56. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$38.85. The company has a market capitalization of C$29.35 billion, a PE ratio of 1,145.00, a P/E/G ratio of -0.26 and a beta of 2.12.

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

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.