Lundin Mining (TSE:LUN) Given New C$24.00 Price Target at CIBC

Key Points

• CIBC has increased its price target for Lundin Mining from C$18.00 to C$24.00, indicating a potential upside of approximately 14.07%.
• Several other analysts have also revised their price targets for Lundin Mining, with National Bankshares raising it to C$25.00 and TD Securities to C$19.00, while the overall consensus rating remains a "Moderate Buy."
• The stock of Lundin Mining has experienced a 1.5% decline in trading, reaching C$21.04, despite having a twelve-month high of C$22.20.

Lundin Mining (TSE:LUN - Get Free Report) had its price target boosted by stock analysts at CIBC from C$18.00 to C$24.00 in a report issued on Friday,BayStreet.CA reports. CIBC's price objective points to a potential upside of 14.07% from the company's previous close.

LUN has been the topic of a number of other reports. National Bankshares lifted their target price on Lundin Mining from C$20.00 to C$25.00 and gave the company an "outperform" rating in a report on Wednesday. Raymond James Financial lifted their target price on Lundin Mining from C$15.00 to C$16.00 in a report on Thursday, August 21st. JPMorgan Chase & Co. lowered Lundin Mining from an "overweight" rating to a "neutral" rating and lifted their target price for the company from C$15.30 to C$15.60 in a report on Thursday, July 10th. TD Securities lifted their target price on Lundin Mining from C$18.00 to C$19.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Finally, Morgan Stanley lifted their target price on Lundin Mining from C$13.70 to C$14.50 in a report on Wednesday, August 20th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Lundin Mining presently has a consensus rating of "Moderate Buy" and a consensus price target of C$18.26.

Lundin Mining Stock Down 1.5%

LUN traded down C$0.33 during trading on Friday, reaching C$21.04. 2,705,179 shares of the stock were exchanged, compared to its average volume of 2,564,240. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$22.20. The stock's 50 day moving average price is C$16.97 and its two-hundred day moving average price is C$14.22. 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 stock has a market cap of C$18.02 billion, a P/E ratio of -701.33, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85.

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.

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