Lundin Mining (LUN) Upgraded to Buy at TD Securities
Lundin Mining (TSE:LUN) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a C$8.00 price target on the mining company’s stock, down from their previous price target of C$9.50. TD Securities’ target price suggests a potential upside of 44.40% from the company’s previous close.
LUN has been the subject of a number of other reports. CIBC decreased their target price on Lundin Mining from C$10.00 to C$9.00 in a research report on Friday, August 31st. National Bank Financial decreased their target price on Lundin Mining from C$9.50 to C$8.75 and set an “outperform” rating for the company in a research report on Monday, November 5th. Barclays reissued an “overweight” rating on shares of Lundin Mining in a research report on Wednesday, October 10th. Raymond James decreased their target price on Lundin Mining from C$9.00 to C$8.50 and set a “market perform” rating for the company in a research report on Friday, October 26th. Finally, Royal Bank of Canada raised Lundin Mining from a “sector perform” rating to an “outperform” rating and set a C$8.00 target price for the company in a research report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Lundin Mining currently has a consensus rating of “Hold” and a consensus target price of C$9.00.
Lundin Mining stock traded up C$0.24 during mid-day trading on Tuesday, reaching C$5.54. 1,702,713 shares of the company’s stock were exchanged, compared to its average volume of 2,402,872. The company has a current ratio of 4.73, a quick ratio of 4.09 and a debt-to-equity ratio of 10.57. Lundin Mining has a one year low of C$4.70 and a one year high of C$9.88.
Lundin Mining Company Profile
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
Featured Story: What is Liquidity?
Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.