Lundin Mining (TSE:LUN) Cut to “Sector Perform” at National Bank Financial

Lundin Mining (TSE:LUN) was downgraded by investment analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Tuesday,BayStreet.CA reports. They currently have a C$40.00 price objective on the mining company’s stock. National Bank Financial’s price objective would suggest a potential upside of 18.87% from the stock’s previous close.

A number of other analysts have also weighed in on LUN. The Goldman Sachs Group increased their price target on shares of Lundin Mining from C$23.90 to C$35.80 in a research note on Tuesday, January 13th. Citigroup increased their target price on Lundin Mining from C$32.00 to C$41.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Desjardins lifted their price target on shares of Lundin Mining from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Jefferies Financial Group boosted their price objective on Lundin Mining from C$32.00 to C$38.00 in a research report on Monday, January 12th. Finally, Stifel Nicolaus raised their target price on shares of Lundin Mining from C$26.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$33.54.

Lundin Mining Trading Down 3.3%

LUN traded down C$1.15 during trading on Tuesday, reaching C$33.65. The company had a trading volume of 1,993,441 shares, compared to its average volume of 2,958,583. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$38.85. The firm’s 50-day simple moving average is C$32.03 and its 200 day simple moving average is C$24.28. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The company has a market cap of C$28.75 billion, a price-to-earnings ratio of 1,121.67, a PEG ratio of -0.26 and a beta of 2.08.

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.