Lundin Mining (TSE:LUN) Reaches New 1-Year High After Analyst Upgrade

Lundin Mining Co. (TSE:LUN)’s stock price reached a new 52-week high on Thursday after TD Securities raised their price target on the stock from C$26.00 to C$28.00. TD Securities currently has a buy rating on the stock. Lundin Mining traded as high as C$24.10 and last traded at C$24.09, with a volume of 135310 shares trading hands. The stock had previously closed at C$22.69.

LUN has been the subject of several other research reports. Haywood Securities lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. JPMorgan Chase & Co. lowered shares of Lundin Mining from an “overweight” rating to a “neutral” rating and increased their target price for the stock from C$15.30 to C$15.60 in a research report on Thursday, July 10th. Jefferies Financial Group upped their price target on shares of Lundin Mining from C$18.00 to C$26.00 in a research note on Monday, October 6th. Raymond James Financial lifted their price objective on shares of Lundin Mining from C$15.00 to C$16.00 in a research note on Thursday, August 21st. Finally, Stifel Nicolaus boosted their target price on shares of Lundin Mining from C$18.00 to C$26.00 in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$20.59.

Lundin Mining Stock Performance

The stock has a market capitalization of C$21.34 billion, a PE ratio of 830.33, a P/E/G ratio of -0.26 and a beta of 1.93. 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 firm’s 50 day moving average is C$19.77 and its two-hundred day moving average is C$15.87.

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.