TD Securities Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its target price hoisted by stock analysts at TD Securities from C$42.00 to C$45.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. TD Securities’ price objective would suggest a potential upside of 9.17% from the stock’s previous close.

Several other brokerages have also commented on LUN. Ci Capital increased their price target on shares of Lundin Mining from C$32.00 to C$41.00 in a research note on Wednesday, February 11th. Ventum Financial raised their target price on Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. Royal Bank Of Canada boosted their price target on Lundin Mining from C$23.00 to C$29.00 in a research report on Wednesday, December 10th. Stifel Nicolaus increased their price objective on Lundin Mining from C$26.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Desjardins boosted their target price on Lundin Mining from C$30.00 to C$35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$33.71.

Lundin Mining Stock Up 4.2%

LUN stock traded up C$1.67 during mid-day trading on Monday, hitting C$41.22. The stock had a trading volume of 2,436,992 shares, compared to its average volume of 3,022,363. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$41.22. The company has a fifty day moving average of C$32.79 and a 200 day moving average of C$24.90. 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$35.22 billion, a price-to-earnings ratio of 1,374.00, a PEG ratio of -0.26 and a beta of 2.08.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Thursday, February 19th. The mining company reported C$0.59 EPS for the quarter. Lundin Mining had a return on equity of 5.55% and a net margin of 6.63%.The business had revenue of C$1.51 billion during the quarter.

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.