Lundin Mining (TSE:LUN) Given New C$26.00 Price Target at TD Securities

Key Points

• TD Securities raised the price target for Lundin Mining from C$19.00 to C$26.00, indicating a potential upside of 25.97% based on the company's previous close.
• Other research firms, including Scotiabank and National Bankshares, have also increased their price targets for Lundin Mining, reflecting a generally positive outlook on the stock.
• Lundin Mining's stock trading volume was 1,195,487 shares, with the stock price dropping by C$1.25 to C$20.64 during mid-day trading.

Lundin Mining (TSE:LUN - Get Free Report) had its price objective increased by TD Securities from C$19.00 to C$26.00 in a research note issued on Tuesday,BayStreet.CA reports. TD Securities' target price would suggest a potential upside of 25.97% from the company's previous close.

Several other research firms have also issued reports on LUN. Scotiabank raised their price target on shares of Lundin Mining from C$17.00 to C$23.00 and gave the stock an "outperform" rating in a report on Tuesday, October 14th. Morgan Stanley raised their price target on shares of Lundin Mining from C$13.70 to C$14.50 in a report on Wednesday, August 20th. Royal Bank Of Canada raised their price objective on shares of Lundin Mining from C$16.00 to C$18.00 in a research report on Wednesday, September 10th. National Bankshares raised their price objective on shares of Lundin Mining from C$20.00 to C$25.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group raised their price objective on shares of Lundin Mining from C$18.00 to C$26.00 in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Lundin Mining presently has a consensus rating of "Moderate Buy" and a consensus price target of C$20.05.

Lundin Mining Trading Down 5.7%

Lundin Mining stock traded down C$1.25 during mid-day trading on Tuesday, hitting C$20.64. 1,195,487 shares of the stock were exchanged, compared to its average volume of 2,569,195. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. Lundin Mining has a 12 month low of C$8.94 and a 12 month high of C$22.20. The firm's fifty day simple moving average is C$17.92 and its two-hundred day simple moving average is C$14.73. The stock has a market capitalization of C$17.68 billion, a price-to-earnings ratio of -688.00, a PEG 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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