BMO Capital Markets Forecasts Strong Price Appreciation for Lundin Mining (TSE:LUN) Stock

Lundin Mining (TSE:LUN) had its target price increased by research analysts at BMO Capital Markets from C$22.00 to C$25.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 0.36% from the stock’s previous close.

A number of other analysts have also weighed in on LUN. Stifel Nicolaus upped their price target on shares of Lundin Mining from C$18.00 to C$26.00 in a research note on Tuesday, October 21st. Haywood Securities cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Jefferies Financial Group increased their price target on Lundin Mining from C$18.00 to C$26.00 in a research note on Monday, October 6th. Scotiabank boosted their price objective on Lundin Mining from C$23.00 to C$23.50 in a research note on Tuesday, October 28th. Finally, Raymond James Financial raised their target price on Lundin Mining from C$15.00 to C$16.00 in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Lundin Mining presently has a consensus rating of “Moderate Buy” and an average target price of C$20.59.

Lundin Mining Stock Up 1.7%

Lundin Mining stock opened at C$24.91 on Thursday. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. Lundin Mining has a one year low of C$8.94 and a one year high of C$25.02. The company has a 50-day simple moving average of C$19.77 and a 200-day simple moving average of C$15.87. The firm has a market capitalization of C$21.34 billion, a P/E ratio of 830.33, a P/E/G ratio of -0.26 and a beta of 1.93.

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.