Lundin Mining (TSE:LUN – Get Rating) had its price objective hoisted by equities researchers at Morgan Stanley from C$9.50 to C$10.00 in a research report issued on Wednesday, BayStreet.CA reports. Morgan Stanley’s price objective would suggest a potential upside of 7.76% from the company’s current price.
A number of other equities analysts have also recently issued reports on LUN. Haywood Securities upped their price target on shares of Lundin Mining from C$10.50 to C$11.50 in a research note on Thursday, February 2nd. Barclays upped their price target on shares of Lundin Mining from C$9.00 to C$10.00 in a research note on Monday. CSFB decreased their target price on Lundin Mining from C$10.25 to C$10.00 in a research report on Friday, March 3rd. UBS Group boosted their target price on Lundin Mining from C$8.50 to C$9.00 in a research report on Friday, February 24th. Finally, National Bank Financial raised Lundin Mining from an “underperform overweight” rating to a “sector perform overweight” rating in a research report on Thursday, February 23rd. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$13.47.
Lundin Mining Stock Performance
Shares of Lundin Mining stock opened at C$9.28 on Wednesday. The stock has a market cap of C$7.16 billion, a price-to-earnings ratio of 12.21, a PEG ratio of -0.26 and a beta of 1.70. The firm’s 50-day moving average is C$8.74 and its 200 day moving average is C$8.24. Lundin Mining has a 1 year low of C$6.24 and a 1 year high of C$14.00. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.28 and a quick ratio of 0.90.
Lundin Mining Company Profile
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.
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