Lundin Mining (TSE:LUN) Upgraded by Stifel Canada to “Strong-Buy” Rating

Lundin Mining (TSE:LUN) was upgraded by stock analysts at Stifel Canada to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Scotiabank lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Raymond James dropped their price objective on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. UBS Group dropped their price objective on Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th. The Goldman Sachs Group set a C$16.60 price objective on Lundin Mining and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, Stifel Nicolaus dropped their price objective on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$17.15.

Lundin Mining Trading Down 2.9 %

TSE LUN opened at C$12.88 on Wednesday. The business’s 50-day moving average price is C$12.20 and its two-hundred day moving average price is C$12.98. Lundin Mining has a 12 month low of C$10.92 and a 12 month high of C$17.97. The firm has a market capitalization of C$7.87 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58.

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.