Lundin Mining (TSE:LUN) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Lundin Mining (TSE:LUN) had its price target hoisted by stock analysts at Stifel Nicolaus from C$40.00 to C$42.00 in a note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 25.49% from the stock’s previous close.

Several other research firms have also recently issued reports on LUN. Desjardins cut their target price on Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Canaccord Genuity Group lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. ATB Cormark Capital Markets decreased their price target on Lundin Mining from C$42.50 to C$41.50 and set an “outperform” rating on the stock in a research note on Monday, August 24th. National Bank Financial lowered their price target on Lundin Mining from C$43.50 to C$42.50 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, Dnb Carnegie upgraded Lundin Mining to a “hold” rating in a report on Friday, July 3rd. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$39.81.

Lundin Mining Trading Up 0.5%

Shares of LUN stock traded up C$0.18 during trading on Tuesday, hitting C$33.47. 844,359 shares of the stock traded hands, compared to its average volume of 2,614,881. The firm has a market capitalization of C$28.49 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of -0.26 and a beta of 2.36. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.60 and a quick ratio of 0.90. The firm’s fifty day moving average price is C$35.19 and its 200-day moving average price is C$36.41. Lundin Mining has a 52-week low of C$20.09 and a 52-week high of C$45.74.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, August 5th. The mining company reported C$0.43 EPS for the quarter. The firm had revenue of C$1.72 billion for the quarter. Lundin Mining had a return on equity of 22.97% and a net margin of 35.11%.

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.