Lundin Mining (TSE:LUN) Upgraded at Cormark

Lundin Mining (TSE:LUN) was upgraded by equities research analysts at Cormark from a “hold” rating to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

LUN has been the subject of a number of other reports. Scotiabank lifted their target price on Lundin Mining from C$23.00 to C$23.50 in a research report on Tuesday, October 28th. Stifel Nicolaus upped their price objective on shares of Lundin Mining from C$18.00 to C$26.00 in a research note on Tuesday, October 21st. Royal Bank Of Canada raised their target price on shares of Lundin Mining from C$23.00 to C$29.00 in a research report on Wednesday, December 10th. Morgan Stanley upped their price target on shares of Lundin Mining from C$25.80 to C$29.60 in a research report on Tuesday, December 16th. Finally, National Bankshares lifted their price objective on shares of Lundin Mining from C$20.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lundin Mining currently has an average rating of “Moderate Buy” and a consensus price target of C$25.42.

Lundin Mining Stock Up 3.5%

Shares of LUN opened at C$29.30 on Monday. The firm has a fifty day moving average price of C$24.63 and a 200-day moving average price of C$18.92. 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 firm has a market capitalization of C$25.07 billion, a P/E ratio of 976.67, a P/E/G ratio of -0.26 and a beta of 1.93. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$29.33.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, November 5th. The mining company reported C$0.18 earnings per share for the quarter. The company had revenue of C$1.40 billion during the quarter. Lundin Mining had a net margin of 6.63% and a return on equity of 5.55%.

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.