Lundin Mining (TSE:LUN) Hits New 1-Year High Following Analyst Upgrade

Key Points

• Lundin Mining stock hit a new 52-week high after Jefferies Financial Group raised its price target from C$18.00 to C$26.00.
• Multiple brokerages have adjusted their price targets for Lundin Mining, with ratings ranging from Strong Buy to Hold.
• The company has a market capitalization of C$18.15 billion and operates in several countries, producing various metals including copper, zinc, gold, and nickel.

Lundin Mining Co. (TSE:LUN - Get Free Report)'s stock price reached a new 52-week high during trading on Monday after Jefferies Financial Group raised their price target on the stock from C$18.00 to C$26.00. The company traded as high as C$21.71 and last traded at C$21.50, with a volume of 412444 shares. The stock had previously closed at C$21.16.

Several other brokerages also recently issued reports on LUN. Raymond James Financial raised their price target on Lundin Mining from C$15.00 to C$16.00 in a report on Thursday, August 21st. Scotiabank raised their target price on Lundin Mining from C$14.50 to C$16.00 in a research report on Monday, June 16th. JPMorgan Chase & Co. cut Lundin Mining from an "overweight" rating to a "neutral" rating and raised their target price for the company from C$15.30 to C$15.60 in a research report on Thursday, July 10th. Royal Bank Of Canada lifted their price target on Lundin Mining from C$16.00 to C$18.00 in a research report on Wednesday, September 10th. Finally, TD Securities raised their target price on Lundin Mining from C$18.00 to C$19.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$17.44.

Lundin Mining Stock Up 0.1%

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 firm has a market capitalization of C$18.15 billion, a price-to-earnings ratio of -706.33, a PEG ratio of -0.26 and a beta of 1.85. The stock has a fifty day moving average of C$16.39 and a 200-day moving average of C$14.00.

Lundin Mining Company Profile

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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