Lundin Mining (TSE:LUN) Given New C$26.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group raised its price target for Lundin Mining from C$18.00 to C$26.00, indicating a potential upside of 22.70% from its current price.
• Analysts have varied ratings for Lundin Mining, with three having a Strong Buy rating, six a Buy rating, and six a Hold rating, resulting in an average rating of "Moderate Buy".
• The stock's current price is C$21.19 with a 52-week range between a low of C$8.94 and a high of C$21.71, demonstrating significant upward movement over the past year.

Lundin Mining (TSE:LUN - Get Free Report) had its price target upped by analysts at Jefferies Financial Group from C$18.00 to C$26.00 in a research note issued on Monday,BayStreet.CA reports. Jefferies Financial Group's price objective suggests a potential upside of 22.70% from the stock's current price.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. lowered Lundin Mining from an "overweight" rating to a "neutral" rating and boosted their price target for the company from C$15.30 to C$15.60 in a report on Thursday, July 10th. Raymond James Financial lifted their target price on Lundin Mining from C$15.00 to C$16.00 in a research report on Thursday, August 21st. TD Securities increased their price target on Lundin Mining from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Royal Bank Of Canada raised their price target on Lundin Mining from C$16.00 to C$18.00 in a research note on Wednesday, September 10th. Finally, Desjardins set a C$17.00 price objective on shares of Lundin Mining and gave the stock a "buy" rating in a research note on Thursday, June 19th. Three investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$17.44.

Lundin Mining Trading Up 0.1%

LUN stock traded up C$0.03 during trading on Monday, hitting C$21.19. The company had a trading volume of 1,331,863 shares, compared to its average volume of 2,556,185. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$21.71. The company has a 50 day simple moving average of C$16.39 and a 200-day simple moving average of C$14.00. The firm has a market capitalization of C$18.15 billion, a P/E ratio of -706.33, a PEG ratio of -0.26 and a beta of 1.85. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

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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