Lundin Mining (TSE:LUN) Stock Rating Lowered by National Bank Financial

Lundin Mining (TSE:LUN) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “hold” rating in a report released on Tuesday, Marketbeat reports. They currently have a C$40.00 price target on the mining company’s stock. National Bank Financial’s price objective suggests a potential upside of 13.64% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Ci Capital increased their price target on shares of Lundin Mining from C$32.00 to C$41.00 in a research report on Wednesday, February 11th. Jefferies Financial Group increased their target price on shares of Lundin Mining from C$32.00 to C$38.00 in a report on Monday, January 12th. JPMorgan Chase & Co. dropped their price target on shares of Lundin Mining from C$28.00 to C$25.40 in a research note on Wednesday, December 3rd. BMO Capital Markets upped their price objective on Lundin Mining from C$22.00 to C$25.00 in a research report on Thursday, November 6th. Finally, Haywood Securities lifted their target price on Lundin Mining from C$32.00 to C$42.00 in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$33.54.

Lundin Mining Trading Up 3.6%

Shares of TSE LUN opened at C$35.20 on Tuesday. 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 stock has a market capitalization of C$30.07 billion, a PE ratio of 1,173.33, a PEG ratio of -0.26 and a beta of 2.08. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$38.85. The stock has a fifty day simple moving average of C$32.37 and a 200-day simple moving average of C$24.50.

Lundin Mining Company Profile

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.