Lundin Mining (TSE:LUN) Price Target Raised to C$26.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus has raised its price target for Lundin Mining from C$18.00 to C$26.00, indicating a potential upside of approximately 25.97% based on the stock's previous close.
• Multiple analysts, including Royal Bank Of Canada and CIBC, have also increased their target prices for Lundin Mining, contributing to a consensus target price of C$20.05.
• Lundin Mining's current stock performance shows a trading price of C$20.64, with a market cap of C$17.68 billion and significant fluctuations in its 52-week trading range.

Lundin Mining (TSE:LUN - Get Free Report) had its price target lifted by investment analysts at Stifel Nicolaus from C$18.00 to C$26.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus' target price suggests a potential upside of 25.97% from the stock's previous close.

Several other equities analysts have also recently issued reports on LUN. Royal Bank Of Canada boosted their target price on Lundin Mining from C$16.00 to C$18.00 in a research report on Wednesday, September 10th. CIBC upped their target price on Lundin Mining from C$18.00 to C$24.00 in a research note on Friday, October 10th. Morgan Stanley upped their target price on Lundin Mining from C$13.70 to C$14.50 in a research note on Wednesday, August 20th. Scotiabank increased their price target on Lundin Mining from C$17.00 to C$23.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 14th. Finally, National Bankshares increased their price target on Lundin Mining from C$20.00 to C$25.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Lundin Mining currently has an average rating of "Moderate Buy" and a consensus target price of C$20.05.

Lundin Mining Stock Performance

TSE LUN traded down C$1.25 on Tuesday, hitting C$20.64. 1,195,487 shares of the company's stock were exchanged, compared to its average volume of 2,569,195. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The firm's 50-day moving average price is C$17.92 and its two-hundred day moving average price is C$14.73. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$22.20. The firm has a market cap of C$17.68 billion, a price-to-earnings ratio of -688.00, a P/E/G 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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