National Bankshares Raises Lundin Mining (TSE:LUN) Price Target to C$40.00

Lundin Mining (TSE:LUN) had its target price boosted by research analysts at National Bankshares from C$30.00 to C$40.00 in a report issued on Thursday,BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 7.64% from the company’s current price.

Several other research firms also recently weighed in on LUN. The Goldman Sachs Group increased their price objective on shares of Lundin Mining from C$23.90 to C$35.80 in a report on Tuesday, January 13th. JPMorgan Chase & Co. reduced their target price on Lundin Mining from C$28.00 to C$25.40 in a report on Wednesday, December 3rd. Ventum Financial raised their price target on Lundin Mining from C$25.00 to C$32.00 in a report on Monday, December 22nd. TD Securities increased their target price on Lundin Mining from C$28.00 to C$42.00 in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group boosted their price target on shares of Lundin Mining from C$32.00 to C$38.00 in a research report on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$31.34.

Lundin Mining Price Performance

Shares of LUN traded up C$0.98 during trading hours on Thursday, reaching C$37.16. 2,613,347 shares of the stock traded hands, compared to its average volume of 2,801,061. The company has a market cap of C$31.75 billion, a P/E ratio of 1,238.67, a price-to-earnings-growth ratio of -0.26 and a beta of 2.12. 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 company’s 50-day moving average price is C$29.65 and its two-hundred day moving average price is C$22.32. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$38.85.

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

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.