National Bankshares Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its target price raised by National Bankshares from C$17.00 to C$17.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bankshares’ price target indicates a potential upside of 64.78% from the stock’s current price.

Several other equities analysts also recently commented on LUN. Jefferies Financial Group cut their price objective on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. The Goldman Sachs Group set a C$16.60 price target on shares of Lundin Mining and gave the company a “buy” rating in a research note on Thursday, March 6th. Stifel Nicolaus lowered their price target on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, Raymond James lowered their target price on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$17.09.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$10.62 on Wednesday. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The firm has a market capitalization of C$6.49 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a 1-year low of C$10.58 and a 1-year high of C$17.97. The company’s 50-day moving average is C$12.15 and its 200 day moving average is C$12.96.

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.